Private Credit by Deposit Money Banks to GDP for Ecuador
DDDI01ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.94
Year-over-Year Change
116.22%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Private Credit by Deposit Money Banks to GDP for Ecuador' trend measures the total credit provided by deposit money banks to the private sector in Ecuador as a percentage of the country's GDP. This metric is an important indicator of financial intermediation and economic development.
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
This data series represents the amount of domestic credit provided by the banking sector to the private sector in Ecuador, expressed as a percentage of the country's gross domestic product. It is a widely used measure of financial depth and banking sector development within an economy.
Methodology
The data is collected and reported by the World Bank based on information provided by national central banks and statistical agencies.
Historical Context
Policymakers and economists monitor this metric to assess the level of financial inclusion and the role of the banking sector in supporting private investment and economic growth.
Key Facts
- Ecuador's private credit to GDP ratio was 34.7% in 2020.
- This metric has steadily increased from 24.5% in 2000.
- Higher private credit levels are associated with greater economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit provided by deposit money banks to the private sector in Ecuador as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial intermediation and economic development, as it reflects the role of the banking sector in supporting private investment and growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by national central banks and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the level of financial inclusion and the role of the banking sector in supporting private investment and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodological changes of the World Bank and national statistical agencies.
Related Trends
Number of Identified Exporters to Ecuador from Massachusetts
MAECUA475SCEN
Number of Identified Exporters to Ecuador from Missouri
MOECUA475SCEN
Value of Exports to Ecuador from Alaska
AKECUA052SCEN
Deposit Money Bank Assets to GDP for Ecuador
DDDI02ECA156NWDB
Value of Exports to Ecuador from South Dakota
SDECUA052SCEN
Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Ecuador
ECUFCIODUNUM
Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Ecuador (DDDI01ECA156NWDB), retrieved from FRED.