Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Saudi Arabia
SAUB6FATC01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,236,911,000.00
Year-over-Year Change
-72.92%
Date Range
1/1/2006 - 10/1/2024
Summary
The Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Saudi Arabia measures the country's financial transactions with the rest of the world. This metric is crucial for understanding Saudi Arabia's external financial position and integration with global markets.
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 Balance of Payments: Financial Account tracks the net change in Saudi Arabia's foreign financial assets and liabilities. It includes portfolio investment, direct investment, and other investment flows, providing insight into the country's international capital movements and financing of its current account balance.
Methodology
The data is collected by the Saudi Arabian Monetary Authority (SAMA) based on balance of payments accounting principles.
Historical Context
Policymakers and analysts use this metric to assess Saudi Arabia's international economic integration and financial stability.
Key Facts
- Saudi Arabia's financial account assets totaled $130.4 billion in 2021.
- The financial account represents over 40% of Saudi Arabia's overall balance of payments.
- Portfolio investment accounts for the largest share of Saudi Arabia's financial account assets.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Saudi Arabia measures the country's international financial transactions, including portfolio investment, direct investment, and other investment flows.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Saudi Arabia's external financial position, capital movements, and integration with global markets, which is important for policymakers and analysts assessing the country's economic and financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the Saudi Arabian Monetary Authority (SAMA) based on balance of payments accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Saudi Arabia's international economic integration and financial stability, which informs policy decisions related to the country's exchange rate, capital controls, and overall macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Saudi Arabia (SAUB6FATC01CXCUQ), retrieved from FRED.