Private Credit by Deposit Money Banks to GDP for Albania
DDDI01ALA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.19
Year-over-Year Change
-9.78%
Date Range
1/1/1994 - 1/1/2021
Summary
The 'Private Credit by Deposit Money Banks to GDP for Albania' measures the total loans extended by deposit money banks to the private sector as a percentage of Albania's gross domestic product. This metric is a key indicator of financial intermediation and economic development.
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 series represents the value of loans and advances provided by deposit money banks to businesses and individuals in Albania, expressed as a percentage of the country's GDP. It is an important measure of financial inclusion and the banking sector's role in channeling funds to the private economy.
Methodology
The data is collected and reported by the World Bank based on information submitted by Albania's central bank and statistical agencies.
Historical Context
Policymakers and economists use this indicator to assess the depth and efficiency of Albania's financial system and its capacity to support private sector growth.
Key Facts
- Albania's private credit to GDP ratio was 37.4% in 2020.
- The metric has increased from 13.5% in 2000 to 37.4% in 2020.
- Private credit growth is a key driver of economic expansion in developing countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of loans and advances provided by deposit money banks to businesses and individuals in Albania, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial intermediation and the banking sector's role in supporting private sector growth and economic development in Albania.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information submitted by Albania's central bank and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the depth and efficiency of Albania's financial system and its capacity to support private sector growth and economic expansion.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic conditions in Albania.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Albania (DDDI01ALA156NWDB), retrieved from FRED.