Private Credit by Deposit Money Banks to GDP for Mozambique
DDDI01MZA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.62
Year-over-Year Change
13.11%
Date Range
1/1/1988 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of Mozambique. 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 access to credit in an economy. It reflects the level of financial development and the ability of the banking system to channel funds from savers to private borrowers, which is crucial for economic growth and investment.
Methodology
The data is collected and calculated by the World Bank using national account and financial sector data.
Historical Context
This trend is widely used by policymakers, economists, and financial analysts to assess the financial health and development of Mozambique's economy.
Key Facts
- Mozambique's private credit to GDP ratio was 31.9% in 2020.
- The ratio has fluctuated between 20-35% over the past decade.
- A higher ratio generally indicates a more developed financial system.
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 Mozambique. It provides 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 key indicator of financial intermediation and access to credit in an economy. It reflects the level of financial development and the ability of the banking system to channel funds from savers to private borrowers, which is crucial for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national account and financial sector data.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and financial analysts to assess the financial health and development of Mozambique's economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent updates.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Mozambique (DDDI01MZA156NWDB), retrieved from FRED.