Private Credit by Deposit Money Banks to GDP for Austria
DDDI01ATA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.57
Year-over-Year Change
-3.94%
Date Range
1/1/1960 - 1/1/2021
Summary
The Private Credit by Deposit Money Banks to GDP for Austria measures the extent of credit extended by deposit-taking banks to the private sector as a percentage of the country's total economic output.
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 provides insights into the depth and development of the Austrian financial system. It is a key indicator used by economists and policymakers to assess the role of the banking sector in financing private economic activity.
Methodology
The data is collected and calculated by the World Bank from national accounts and balance of payments statistics.
Historical Context
This metric is closely monitored by central banks and financial regulators to gauge credit conditions and risks within the economy.
Key Facts
- Austria's private credit to GDP ratio was 105.7% in 2020.
- The ratio peaked at 135.4% in 2008 before declining during the global financial crisis.
- Austria has a bank-based financial system with a large role for deposit-taking institutions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of credit extended by deposit-taking banks to the private sector as a percentage of Austria's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and development of the Austrian financial system and the role of banks in financing private economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank from national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Central banks and financial regulators closely monitor this metric to gauge credit conditions and risks within the economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the data source.
Related Trends
Consumer Price Index: Food for Austria
AUTCPIFODMINMEI
Amount Outstanding of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Austria
IDSAMRIAOAT
Production: Manufacturing: Consumer Goods: Durable Goods for Austria
AUTPRMNCG02IXOBSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Austria
AUTCPICORAINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Austria
AUTCP100000GYM
Business Tendency Surveys: Employment: Economic Activity: Construction: Future Tendency for Austria
BCEMFT02ATM460S
Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Austria (DDDI01ATA156NWDB), retrieved from FRED.