Goods, Value of Imports for Saudi Arabia
VALIMPSAM052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,306.22
Year-over-Year Change
18.31%
Date Range
1/1/2015 - 4/1/2025
Summary
The 'Goods, Value of Imports for Saudi Arabia' series measures the total value of goods imported into Saudi Arabia. This metric is a key indicator of the country's trade balance and economic activity.
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
This series represents the total value, in US dollars, of physical goods imported into Saudi Arabia. It is an important measure of the country's trade dynamics and can provide insights into its economic performance and integration with global markets.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Historical Context
Policymakers and analysts use this import value data to assess Saudi Arabia's trade position and make informed decisions about economic and trade policies.
Key Facts
- Saudi Arabia is one of the world's largest importers of goods.
- Imports account for a significant portion of Saudi Arabia's GDP.
- The value of imports can fluctuate based on global commodity prices and domestic demand.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods imported into Saudi Arabia, providing insights into the country's trade dynamics and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This import value data is crucial for understanding Saudi Arabia's trade position, economic performance, and integration with global markets.
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 analysts use this import value data to assess Saudi Arabia's trade position and make informed decisions about economic and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodologies of the Saudi Arabian Monetary Authority (SAMA).
Related Trends
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Citation
U.S. Federal Reserve, Goods, Value of Imports for Saudi Arabia (VALIMPSAM052N), retrieved from FRED.