Private Credit by Deposit Money Banks to GDP for Saint Lucia
DDDI01LCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.19
Year-over-Year Change
-22.15%
Date Range
1/1/1975 - 1/1/2020
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Saint Lucia. It provides insights into the depth and development of the country'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 and the degree to which the banking system channels funds to the private sector. It is widely used by economists and policymakers to assess the health and efficiency of a country's financial system.
Methodology
The data is collected and calculated by the World Bank based on national accounts and financial sector data.
Historical Context
This trend is relevant for understanding Saint Lucia's economic policies, financial stability, and private sector access to credit.
Key Facts
- Saint Lucia's private credit to GDP ratio was 78.47% in 2020.
- The ratio has remained relatively stable over the past decade.
- Financial deepening is a key priority for Saint Lucia's economic development.
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 Saint Lucia, providing insights into the depth and development of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a widely used indicator of financial intermediation and the efficiency of a country's banking system in channeling funds to the private sector, making it relevant for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess the health and development of Saint Lucia's financial sector, which is crucial for supporting private sector growth and economic development.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with some potential delays in reporting, but it provides a reliable, long-term view of the private credit to GDP ratio in Saint Lucia.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Saint Lucia (DDDI01LCA156NWDB), retrieved from FRED.