General government net lending/borrowing for Saudi Arabia
GGNLBASAA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.84
Year-over-Year Change
-124.01%
Date Range
1/1/1991 - 1/1/2024
Summary
The 'General government net lending/borrowing for Saudi Arabia' metric tracks the fiscal balance of the Saudi government, measuring the difference between revenue and expenditure.
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 data series represents the net lending or net borrowing position of the Saudi Arabian general government, which includes central, state, and local governments as well as social security funds. It is a key indicator of the government's fiscal policy stance and sustainability.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
This metric is closely watched by economists, policymakers, and investors to assess the Saudi government's fiscal health and policy direction.
Key Facts
- Saudi Arabia had a government budget surplus of 2.6% of GDP in 2022.
- The fiscal balance has improved from a deficit of 9.2% of GDP in 2016.
- Higher oil revenues have contributed to the recent improvement in Saudi Arabia's fiscal position.
FAQs
Q: What does this economic trend measure?
A: This metric measures the net lending or net borrowing position of the Saudi Arabian general government, which includes central, state, and local governments as well as social security funds.
Q: Why is this trend relevant for users or analysts?
A: This is a key indicator of the Saudi government's fiscal policy stance and sustainability, closely watched by economists, policymakers, and investors to assess the country's fiscal health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, analysts, and investors to evaluate the Saudi government's fiscal policy and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the IMF's reporting schedule and may have some time lag in availability.
Related Trends
Nominal Changes in Inventories for Saudi Arabia
NINVNSAXDCSAQ
International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia
SAUXTIMVA01GPSAM
Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Saudi Arabia
SAUFCAODCHNUM
Total Government Debt for General Government for Saudi Arabia
SAUGGDGDPGDPPT
Total Oil Exports Including Crude for Saudi Arabia
SAUNXGO
Non-Bank Financial Institutions' Assets to GDP for Saudi Arabia
DDDI03SAA156NWDB
Citation
U.S. Federal Reserve, General government net lending/borrowing for Saudi Arabia (GGNLBASAA188N), retrieved from FRED.