Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Saudi Arabia
SAUFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,526,562,252,741.28
Year-over-Year Change
194.94%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Saudi Arabia, providing insights into the utilization of financial services and asset holdings 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, Assets: Outstanding Loans at Commercial Banks for Saudi Arabia series tracks the total value of loans extended by commercial banks operating in Saudi Arabia. This metric is a key indicator of financial activity and credit access within the Saudi Arabian economy.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the level of economic and financial development in Saudi Arabia.
Key Facts
- Saudi Arabia is the largest economy in the Gulf Cooperation Council (GCC) region.
- Commercial bank loans account for a significant portion of financial intermediation in the Saudi Arabian economy.
- The trend has shown steady growth in outstanding loans over the past decade, reflecting the expanding financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks operating in Saudi Arabia, providing insights into the utilization of financial services and asset holdings in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial activity and credit access within the Saudi Arabian economy, making it relevant for economists, policymakers, and market analysts assessing the level of economic and financial development.
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: This trend is widely used by policymakers and institutions to monitor the health of the Saudi Arabian financial sector and inform policy decisions related to economic development and financial stability.
Q: Are there update delays or limitations?
A: The data is published regularly by SAMA, but there may be occasional delays in reporting or limitations in the scope of the information provided.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Saudi Arabia (SAUFCSODCXDC), retrieved from FRED.