Broad Money for Saudi Arabia
SAUFMBPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.81
Year-over-Year Change
-18.88%
Date Range
1/1/2000 - 1/1/2025
Summary
The Broad Money for Saudi Arabia measures the total amount of currency in circulation and deposits held by the public in the Saudi Arabian economy. It is a key indicator of the overall liquidity and monetary conditions 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
Broad money is a comprehensive measure of the money supply that includes cash, checking deposits, and other highly liquid assets. Economists and policymakers use this metric to assess the availability of funds for investment, spending, and inflation pressures.
Methodology
The data is collected and calculated by the Saudi Arabian Monetary Authority.
Historical Context
Broad money trends are closely monitored by the Saudi government and central bank to inform monetary policy decisions.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- Broad money grew by over 10% in 2021.
- The Saudi central bank aims to maintain low and stable inflation.
FAQs
Q: What does this economic trend measure?
A: The Broad Money for Saudi Arabia measures the total amount of currency, checking deposits, and other highly liquid assets in circulation within the Saudi Arabian economy.
Q: Why is this trend relevant for users or analysts?
A: Broad money is a key indicator of overall liquidity and monetary conditions, which are important for understanding inflation pressures, economic growth, and the potential impact of monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Saudi Arabian Monetary Authority, the country's central bank.
Q: How is this trend used in economic policy?
A: Broad money trends are closely monitored by the Saudi government and central bank to inform monetary policy decisions aimed at maintaining economic stability and low inflation.
Q: Are there update delays or limitations?
A: The Broad Money for Saudi Arabia data is published regularly by the Saudi Arabian Monetary Authority with minimal delays, providing timely insight into the country's monetary conditions.
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Citation
U.S. Federal Reserve, Broad Money for Saudi Arabia (SAUFMBPCHPT), retrieved from FRED.