Private Credit by Deposit Money Banks to GDP for Canada
DDDI01CAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.10
Year-over-Year Change
57.82%
Date Range
1/1/1960 - 1/1/2008
Summary
This economic trend measures the ratio of private credit provided by deposit money banks to the gross domestic product (GDP) of Canada. It is a key indicator of financial development and credit availability in the Canadian 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 reflects the level of financial intermediation and banking sector development. It provides insights into the degree to which the banking system is able to channel funds from savers to borrowers to support economic activity.
Methodology
The data is collected and calculated by the World Bank using information on domestic credit to the private sector and GDP figures.
Historical Context
This indicator is widely used by economists, policymakers, and financial analysts to assess the depth and stability of Canada's financial system.
Key Facts
- Canada's private credit to GDP ratio was 90.4% in 2021.
- The ratio has remained relatively stable over the past decade.
- High private credit to GDP is generally associated with more developed financial markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks to the GDP of Canada. It is an indicator of financial intermediation and banking sector development.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio provides insights into the depth and stability of Canada's financial system, which is crucial for supporting economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information on domestic credit to the private sector and GDP figures.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts use this indicator to assess the overall health and development of Canada's financial system, which informs policy decisions.
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 most recent figures being available.
Related Trends
Compensation of Employees in Canada
CANCOMPQDSNAQ
Amount Outstanding of Domestic Debt Securities for Issuers in Financial Corporations, Residence of Issuer in Canada
DSAMRIAOFCCA
Real Exports of Goods for Canada
NXGRXDCCAA
Bank Capital to Total Assets for Canada
DDSI03CAA156NWDB
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Canada
CANCP010000IXNBM
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Canada
LRUN64TTCAM156S
Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Canada (DDDI01CAA156NWDB), retrieved from FRED.