Balance of Payments: Services: Expenditure for Saudi Arabia
SAUB6DBSE01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96,964,080,000.00
Year-over-Year Change
5.17%
Date Range
1/1/2006 - 10/1/2024
Summary
The 'Balance of Payments: Services: Expenditure for Saudi Arabia' measures Saudi Arabia's spending on foreign services, a key component of its overall balance of payments.
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 economic indicator tracks Saudi Arabia's expenditures on international services, including travel, transportation, and other service imports. It is an important metric for analyzing the country's trade position and international economic relationships.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess Saudi Arabia's external economic performance.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- Services account for over 50% of Saudi Arabia's GDP.
- The country runs a large trade surplus in goods but a deficit in services.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Saudi Arabia's expenditures on foreign services, including travel, transportation, and other service imports.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing Saudi Arabia's trade position and international economic relationships.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess Saudi Arabia's external economic performance.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Saudi Arabian Monetary Authority.
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Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Saudi Arabia
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Liquid Assets to Deposits and Short Term Funding for Saudi Arabia
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Amount Outstanding of Domestic Debt Securities for All Issuers, Residence of Issuer in Saudi Arabia
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Geographical Outreach: Number of Institutions, Other Financial Corporations for Saudi Arabia
SAUFCIOFNUM
Amount Outstanding of Domestic Bonds and Notes in General Government Sector, Long-Term at Original Maturity, Residence of Issuer in Saudi Arabia
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for Saudi Arabia (SAUB6DBSE01NCCUSAQ), retrieved from FRED.