Private Credit by Deposit Money Banks to GDP for Bulgaria
DDDI01BGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.56
Year-over-Year Change
-26.57%
Date Range
1/1/1991 - 1/1/2021
Summary
This economic indicator measures the ratio of private credit provided by deposit money banks to Bulgaria's GDP. It serves as a key metric for analyzing the financial sector's depth and contribution to economic growth.
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 private credit to GDP ratio provides insights into the size and development of the financial system in Bulgaria. It reflects the level of financial intermediation and the extent to which the banking sector channels funds to the private sector, which is crucial for investment and economic expansion.
Methodology
The data is collected and calculated by the World Bank using national accounts and monetary statistics.
Historical Context
This indicator is widely used by policymakers, economists, and financial analysts to assess financial sector development and its implications for economic policy.
Key Facts
- Private credit to GDP ratio in Bulgaria was 55.1% in 2020.
- The ratio has declined from a peak of 74.4% in 2009 due to the global financial crisis.
- Increasing private credit is a key objective for policymakers to drive investment and economic development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the ratio of private credit provided by deposit money banks to Bulgaria's GDP, reflecting the size and development of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a crucial metric for assessing financial sector depth and its contribution to economic growth, making it relevant for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and monetary statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to evaluate financial sector development and its implications for economic policy, particularly in relation to promoting investment and economic growth.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Bulgaria (DDDI01BGA156NWDB), retrieved from FRED.