Private Credit by Deposit Money Banks to GDP for Djibouti
DDDI01DJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.72
Year-over-Year Change
-13.39%
Date Range
1/1/1985 - 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 Djibouti. It provides insights into the level of financial intermediation and the development of the country's banking sector.
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 development. It shows the extent to which the private sector has access to credit from the banking system, which is vital for economic growth and investment.
Methodology
The data is collected and calculated by the World Bank using national accounts and financial sector data.
Historical Context
This trend is used by policymakers, economists, and investors to assess the soundness of Djibouti's financial system and its ability to support private sector activity.
Key Facts
- Djibouti's private credit to GDP ratio was 23.4% in 2020.
- This ratio has been relatively stable over the past decade.
- Djibouti's financial sector is dominated by a few large commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Djibouti.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial intermediation and the development of Djibouti's banking sector, which is crucial for supporting private sector activity and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to assess the soundness of Djibouti's financial system and its ability to support private sector activity.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Djibouti (DDDI01DJA156NWDB), retrieved from FRED.