Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Saudi Arabia
SAUFCRODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.12
Year-over-Year Change
37.92%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic indicator tracks the number of household borrowers from commercial banks per 1,000 adults in Saudi Arabia, providing insights into the use of financial services in 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, Household Borrowers from Commercial Banks Per 1000 Adults for Saudi Arabia' series measures the rate of household borrowing from commercial banks, which is a key indicator of financial inclusion and access to credit in the Saudi Arabian economy.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Historical Context
This metric is used by policymakers and economists to monitor financial sector development and household financial behavior.
Key Facts
- Saudi Arabia had 304 household borrowers per 1,000 adults in 2020.
- The indicator has shown steady growth over the past decade.
- Financial inclusion is a key policy priority for the Saudi government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household borrowers from commercial banks per 1,000 adults in Saudi Arabia, providing insights into the use of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial inclusion and access to credit, which are crucial for economic development and household financial well-being.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor financial sector development and household financial behavior, which informs policies aimed at improving financial inclusion in Saudi Arabia.
Q: Are there update delays or limitations?
A: The data is published regularly by SAMA, but there may be some delays in reporting due to the collection and verification process.
Related Trends
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SAUXTIMVA01STSAQ
Population ages 65 and above for Saudi Arabia
SPPOP65UPTOZSSAU
Bank's Net Interest Margin for Saudi Arabia
DDEI01SAA156NWDB
Total Credit to Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia
QSACAMXDCA
Gross Domestic Product Deflator for Saudi Arabia
NGDPDIXSAA
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Saudi Arabia
SAUFCBODCNUM
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Saudi Arabia (SAUFCRODCHANUM), retrieved from FRED.