Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Saudi Arabia
SAUFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.31
Year-over-Year Change
5.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Saudi Arabia, providing insights into the usage of financial services within the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Saudi Arabia' series tracks the level of financial inclusion and access to credit in the Saudi Arabian economy. This metric is used by economists and policymakers to evaluate the reach and penetration of the banking system.
Methodology
The data is collected by the World Bank from national sources and standardized for international comparison.
Historical Context
This trend is relevant for understanding financial development and inclusion policies in Saudi Arabia.
Key Facts
- Saudi Arabia had 365 borrowers from commercial banks per 1,000 adults in 2021.
- The trend has increased from 249 borrowers per 1,000 adults in 2011.
- Financial inclusion is a key priority for the Saudi government's economic reform agenda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Saudi Arabia, providing insight into the usage and access to financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the reach of the banking system in Saudi Arabia, which is a key focus area for the country's economic development policies.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and standardized for international comparison.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the progress of financial inclusion initiatives and the overall development of the Saudi Arabian financial sector.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with the latest available figures being for 2021.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Saudi Arabia (SAUFCRODCANUM), retrieved from FRED.