Private Credit by Deposit Money Banks to GDP for Guinea-Bissau
DDDI01GWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.36
Year-over-Year Change
195.45%
Date Range
1/1/1990 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to Guinea-Bissau's gross domestic product (GDP). It provides insights into the financial depth and 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 by Deposit Money Banks to GDP' indicator represents the value of credit provided by deposit money banks to the private sector as a percentage of GDP. It is a widely used metric to assess the level of financial intermediation and the size of the banking system relative to the overall economy.
Methodology
The data is collected and calculated by the World Bank using information reported by national central banks and monetary authorities.
Historical Context
This metric is important for policymakers and analysts to evaluate the financial health and stability of Guinea-Bissau's economy.
Key Facts
- Guinea-Bissau's private credit to GDP ratio was 10.29% in 2020.
- The trend has fluctuated between 8.68% and 18.11% over the past decade.
- Private credit is an important driver of economic growth and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to Guinea-Bissau's gross domestic product (GDP), providing insights into the financial depth and development of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers and analysts to evaluate the financial health and stability of Guinea-Bissau's economy, as it reflects the level of financial intermediation and the size of the banking system relative to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information reported by Guinea-Bissau's national central bank and monetary authorities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the development of Guinea-Bissau's financial sector and its potential impact on economic growth and investment.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in reporting or revisions to historical figures.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Guinea-Bissau (DDDI01GWA156NWDB), retrieved from FRED.