Private credit by deposit money banks and other financial in Saudi Arabia
Saudi Arabia: Private credit by deposit money banks and other financial was 64.3% in 2017. ▲ Rising
Private credit by deposit money banks and other financial in Saudi Arabia, 1968–2017
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2017, private credit by deposit money banks and other financial in Saudi Arabia stood at 64.3%.
That represents a change of down 6.4% on the previous year and up 28.5% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Saudi Arabia peaked at 89.0% in 1973 and was at its lowest, 2.8%, in 1974.
Saudi Arabia ranks 65th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Private credit by deposit money banks and other financial in Saudi Arabia, year by year
| Year | % | Change |
|---|---|---|
| 1968 | 7.5% | — |
| 1969 | 8.2% | +8.7% |
| 1970 | 7.2% | -11.4% |
| 1971 | 5.8% | -20.4% |
| 1972 | 4.7% | -19.2% |
| 1973 | 89.0% | +1807.9% |
| 1974 | 2.8% | -96.9% |
| 1975 | 4.2% | +49.7% |
| 1976 | 9.7% | +134.0% |
| 1977 | 16.8% | +72.6% |
| 1978 | 22.5% | +34.0% |
| 1979 | 24.0% | +6.6% |
| 1980 | 21.6% | -9.9% |
| 1981 | 23.5% | +8.8% |
| 1982 | 34.8% | +47.9% |
| 1983 | 47.4% | +36.1% |
| 1984 | 54.7% | +15.5% |
| 1985 | 62.8% | +14.9% |
| 1986 | 74.3% | +18.2% |
| 1987 | 74.5% | +0.3% |
| 1988 | 75.4% | +1.2% |
| 1989 | 71.1% | -5.6% |
| 1990 | 55.6% | -21.8% |
| 1991 | 51.5% | -7.5% |
| 1992 | 50.1% | -2.6% |
| 1993 | 54.4% | +8.4% |
| 1994 | 56.5% | +3.9% |
| 1995 | 55.7% | -1.4% |
| 1996 | 51.3% | -7.9% |
| 1997 | 50.3% | -2.0% |
| 1998 | 63.4% | +26.0% |
| 1999 | 59.7% | -5.9% |
| 2000 | 52.2% | -12.5% |
| 2001 | 55.6% | +6.5% |
| 2002 | 57.8% | +3.9% |
| 2003 | 55.0% | -4.8% |
| 2004 | 54.1% | -1.6% |
| 2005 | 50.8% | -6.1% |
| 2006 | 46.9% | -7.7% |
| 2007 | 50.0% | +6.5% |
| 2008 | 49.9% | -0.1% |
| 2009 | 63.0% | +26.2% |
| 2010 | 54.0% | -14.4% |
| 2011 | 47.8% | -11.4% |
| 2012 | 49.4% | +3.4% |
| 2013 | 47.0% | -4.9% |
| 2014 | 51.9% | +10.5% |
| 2015 | 65.8% | +26.8% |
| 2016 | 68.7% | +4.3% |
| 2017 | 64.3% | -6.4% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 64.3% is below the median for high income countries, which is 84.9%, 76% of the median. (62 countries reporting)
- Saudi Arabia's 64.3% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 64.4%, 100% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial in Saudi Arabia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1973 | +1807.9% | 4.7% | 89.0% |
| 1976 | +134.0% | 4.2% | 9.7% |
| 1974 | -96.9% | 89.0% | 2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.8% | 7.5% | 8.2% | 2 |
| 1970s | 18.7% | 2.8% | 89.0% | 10 |
| 1980s | 54.0% | 21.6% | 75.4% | 10 |
| 1990s | 54.8% | 50.1% | 63.4% | 10 |
| 2000s | 53.5% | 46.9% | 63.0% | 10 |
| 2010s | 56.1% | 47.0% | 68.7% | 8 |
Countries ranked near Saudi Arabia
More financial sector data for Saudi Arabia
- Net domestic credit (current LCU), per capita 32,328 current LCU per person (2017)
- Net domestic credit (current LCU), per unit of GDP 1.35 current LCU per US$ of GDP (2017)
- Net domestic credit (current LCU), annual growth rate 21.57 % change on previous year (2017)
- Gold reserves at 35 SDRs per ounce 363.54 million SDR (2025)
- Gold reserves at market value 33.13 billion SDR (2025)
- Reserves excluding gold, foreign exchange 317.55 billion SDR (2025)
- Reserves excluding gold 335.74 billion SDR (2025)
- Total reserves (gold at market value) 368.87 billion SDR (2025)
- Total reserves (gold at national valuation) 336.06 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 9,089 SDR per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Saudi Arabia?
- Private credit by deposit money banks and other financial in Saudi Arabia was 64.3% in 2017, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Saudi Arabia?
- The highest recorded value was 89.0% in 1973.
- What is the lowest private credit by deposit money banks and other financial recorded in Saudi Arabia?
- The lowest recorded value was 2.8% in 1974.
- How does Saudi Arabia rank for private credit by deposit money banks and other financial?
- Saudi Arabia ranks 65th out of 187 countries with data for 2017.
- Is private credit by deposit money banks and other financial rising or falling in Saudi Arabia?
- Over the last ten years it is up 28.5%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)