Total Credit to Households and NPISHs, Adjusted for Breaks, for Saudi Arabia
QSAHAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.30
Year-over-Year Change
7.62%
Date Range
1/1/1998 - 10/1/2024
Summary
This economic trend measures the total credit to households and non-profit institutions serving households (NPISHs) in Saudi Arabia, adjusted for breaks in the data series.
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 total credit to households and NPISHs is an important indicator of consumer borrowing and access to financing in the Saudi Arabian economy. It provides insights into household financial health and consumption patterns.
Methodology
The data is collected and calculated by the Bank for International Settlements.
Historical Context
This trend is closely monitored by economists and policymakers to assess the state of the Saudi Arabian consumer market and inform economic policy decisions.
Key Facts
- Saudi Arabia's total household credit was $379 billion in 2021.
- Household credit grew by 4.5% in Saudi Arabia in 2021.
- Consumer lending accounts for approximately 25% of total credit in Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit extended to households and non-profit institutions serving households in Saudi Arabia, adjusted for any breaks or discontinuities in the data series.
Q: Why is this trend relevant for users or analysts?
A: The total household credit trend provides important insights into consumer borrowing, spending power, and financial health in the Saudi Arabian economy, which is crucial for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor household credit trends to assess consumer confidence, inform monetary policy decisions, and support overall economic stability.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions or adjustments to the historical series due to changes in methodology or data sources.
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Citation
U.S. Federal Reserve, Total Credit to Households and NPISHs, Adjusted for Breaks, for Saudi Arabia (QSAHAM770A), retrieved from FRED.