Private Credit by Deposit Money Banks to GDP for Ireland
DDDI01IEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.01
Year-over-Year Change
-83.45%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Private Credit by Deposit Money Banks to GDP for Ireland' trend measures the value of credit extended by deposit money banks to the private sector as a percentage of Ireland's gross domestic product (GDP). This metric provides insight into the level of financial intermediation and banking activity within the Irish 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
This economic indicator represents the role of the banking system in channeling funds from savers to borrowers in the private sector. It is a widely used measure of financial development and can offer insights into the availability of credit, the efficiency of the financial system, and the overall level of economic activity.
Methodology
The data is collected and calculated by the World Bank using information from national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this trend to assess the depth and maturity of Ireland's financial sector and its potential impact on economic growth and stability.
Key Facts
- The highest value for this trend in Ireland was 214.72% in 2008.
- The lowest value was 144.72% in 2016.
- The trend has generally declined since the global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of credit extended by deposit money banks to the private sector as a percentage of Ireland's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and banking activity within the Irish economy, which is important for assessing financial development and its potential impact on economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the depth and maturity of Ireland's financial sector and its potential impact on economic growth and stability.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in availability compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Ireland (DDDI01IEA156NWDB), retrieved from FRED.