Non-Bank Financial Institutions' Assets to GDP for Saudi Arabia
DDDI03SAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.29
Year-over-Year Change
-33.22%
Date Range
1/1/1968 - 1/1/2017
Summary
This economic indicator tracks the total assets of non-bank financial institutions in Saudi Arabia as a percentage of the country's gross domestic product. It provides insights into the relative size and importance of the non-banking financial sector.
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 non-bank financial institutions' assets to GDP ratio measures the scale of financial intermediation activities outside the traditional banking system in Saudi Arabia. This metric is used by economists and policymakers to assess the depth and diversification of the Kingdom's financial markets.
Methodology
The data is collected and calculated by the World Bank from various national sources.
Historical Context
Monitoring this trend can inform policies aimed at developing Saudi Arabia's financial sector and promoting economic diversification.
Key Facts
- The non-bank financial assets to GDP ratio in Saudi Arabia was 36.6% in 2020.
- Saudi Arabia's non-bank financial sector has grown rapidly in recent decades.
- Diversifying beyond traditional banking is a key goal of Saudi economic reforms.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total assets of non-bank financial institutions in Saudi Arabia as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative size and importance of the non-banking financial sector in Saudi Arabia, which is crucial for assessing the depth and diversification of the Kingdom's financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank from various national sources.
Q: How is this trend used in economic policy?
A: Monitoring this trend can inform policies aimed at developing Saudi Arabia's financial sector and promoting economic diversification beyond the traditional banking system.
Q: Are there update delays or limitations?
A: The data may have some update delays, as it is collected from national sources and compiled by the World Bank.
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Constant GDP per capita for Saudi Arabia
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Citation
U.S. Federal Reserve, Non-Bank Financial Institutions' Assets to GDP for Saudi Arabia (DDDI03SAA156NWDB), retrieved from FRED.