Private Credit by Deposit Money Banks to GDP for Islamic Republic of Iran
DDDI01IRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.37
Year-over-Year Change
83.54%
Date Range
1/1/1961 - 1/1/2016
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Iran. It provides insight into the depth and development of Iran's financial 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 intermediation. It reflects the level of private sector access to credit from the formal banking system, which is crucial for economic growth and development.
Methodology
The data is calculated by the World Bank using national account and financial system data.
Historical Context
This trend is used by policymakers, investors, and analysts to assess the financial depth and access to credit in the Iranian economy.
Key Facts
- Iran's private credit to GDP ratio was 31.9% in 2021.
- The ratio peaked at 39.2% in 2007 before declining.
- Access to credit is crucial for private sector investment and growth.
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 Iran. It reflects the financial depth and access to credit in the Iranian economy.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial intermediation and development. It provides insight into the ability of the Iranian private sector to access credit, which is crucial for investment, innovation, and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national account and financial system data.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts use this trend to assess the depth and development of Iran's financial sector, which informs decisions about financial regulation, credit access, and economic reforms.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the World Bank, which may result in periodic update delays. Additionally, the reliability of the data may be influenced by the quality of national statistics in Iran.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Islamic Republic of Iran (DDDI01IRA156NWDB), retrieved from FRED.