Private Credit by Deposit Money Banks to GDP for Dominican Republic
DDDI01DOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.72
Year-over-Year Change
30.17%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic indicator measures the value of credit provided by deposit money banks in the Dominican Republic as a percentage of the country's GDP. It provides insights into the availability and use of private financing within the 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 measure of financial development and intermediation. It reflects the level of banking sector activity and the extent to which the private sector has access to credit from the formal financial system.
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 used by policymakers, analysts, and investors to assess the financial depth and inclusion within the Dominican Republic.
Key Facts
- Private credit to GDP in the Dominican Republic was 43.3% in 2020.
- The ratio has increased from 23.7% in 2000, indicating growing financial depth.
- The Dominican Republic's ratio is higher than the Latin America and Caribbean average of 41.4%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the value of credit provided by deposit money banks to the private sector in the Dominican Republic as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key metric of financial development and intermediation, providing insights into the availability and use of private financing within the economy.
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 used by policymakers, analysts, and investors to assess the financial depth and inclusion within the Dominican Republic.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Dominican Republic (DDDI01DOA156NWDB), retrieved from FRED.