Private Credit by Deposit Money Banks to GDP for Belize
DDDI01BZA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.44
Year-over-Year Change
-6.00%
Date Range
1/1/1976 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Belize. It provides insight into the level of financial intermediation and development within the Belizean economy.
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 is a key indicator of financial depth and the degree to which the banking sector is channeling funds to the private sector. Higher values suggest a more developed financial system and greater access to credit, which can support economic growth.
Methodology
The data is calculated by the World Bank using information on domestic credit to the private sector and GDP.
Historical Context
This metric is widely used by economists and policymakers to assess financial sector development and the role of banks in the economy.
Key Facts
- Belize's private credit to GDP ratio was 45.9% in 2021.
- The ratio has declined from a peak of 58.4% in 2008.
- Belize's ratio is lower than the Latin American and Caribbean average of 53.6%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Belize.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio provides insight into the level of financial intermediation and development within the Belizean economy, which is important for assessing economic growth and stability.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information on domestic credit to the private sector and GDP.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to assess financial sector development and the role of banks in supporting the Belizean economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Belize (DDDI01BZA156NWDB), retrieved from FRED.