Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Saudi Arabia
DDDI12SAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.26
Year-over-Year Change
26.44%
Date Range
1/1/1968 - 1/1/2017
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Saudi Arabia's GDP. It is a key indicator of financial intermediation and economic development.
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 reflects the level of financial deepening in an economy. It shows the extent to which the private sector has access to credit from the domestic financial system, which is crucial for investment, consumption, and economic growth.
Methodology
The data is compiled by the World Bank from national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and efficiency of Saudi Arabia's financial sector and its ability to support private sector activity.
Key Facts
- Saudi Arabia's private credit to GDP ratio was 57.4% in 2020.
- The ratio has declined from a high of 66.7% in 2014.
- Financial intermediation is crucial for supporting private investment and consumption in Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Saudi Arabia's GDP. It is an indicator of financial deepening and access to credit in the private sector.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key metric for assessing the health and efficiency of Saudi Arabia's financial sector and its ability to support private sector activity, investment, and economic growth.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the performance of Saudi Arabia's financial system and inform policies aimed at promoting financial inclusion and private sector development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Saudi Arabia (DDDI12SAA156NWDB), retrieved from FRED.