Private Credit by Deposit Money Banks to GDP for Saudi Arabia
DDDI01SAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.97
Year-over-Year Change
52.39%
Date Range
1/1/1968 - 1/1/2017
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Saudi Arabia. It provides insights into the depth and development of the Saudi financial system.
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 private credit to GDP ratio is a widely used indicator of financial development and intermediation. It shows the level of financial resources provided to the private sector by deposit money banks as a percentage of the country's economic output.
Methodology
The data is collected and calculated by the World Bank using national accounts and financial sector data.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the stability and efficiency of Saudi Arabia's financial system.
Key Facts
- Saudi Arabia's private credit to GDP ratio was 51.75% in 2020.
- The ratio has increased from 37.31% in 2000, indicating financial deepening.
- Higher ratios are associated with greater financial intermediation and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and the level of financial intermediation in the economy, which is important for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the stability and efficiency of Saudi Arabia's financial system and its potential impact on economic growth.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Saudi Arabia (DDDI01SAA156NWDB), retrieved from FRED.