Private Credit by Deposit Money Banks to GDP for Sri Lanka
DDDI01LKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.68
Year-over-Year Change
49.38%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to Sri Lanka's gross domestic product (GDP). It provides insights into the level of financial intermediation and development within the country.
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 sector development. It reflects the degree to which the banking system channels funds to the private sector, which is essential for economic growth and investment.
Methodology
The data is calculated by the World Bank based on information provided by the International Monetary Fund's International Financial Statistics.
Historical Context
Policymakers and analysts use this metric to assess the health and depth of Sri Lanka's financial system and its ability to support private sector activity.
Key Facts
- Sri Lanka's private credit to GDP ratio was 48.6% in 2021.
- This ratio has fluctuated between 40-50% over the past decade.
- The financial sector plays a crucial role in Sri Lanka's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to Sri Lanka's gross domestic product (GDP). It provides insights into the level of financial intermediation and development within the country.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial sector development, reflecting the degree to which the banking system channels funds to the private sector, which is essential for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on information provided by the International Monetary Fund's International Financial Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and depth of Sri Lanka's financial system and its ability to support private sector activity.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting or limited historical coverage for certain countries.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Sri Lanka (DDDI01LKA156NWDB), retrieved from FRED.