Private Credit by Deposit Money Banks to GDP for Solomon Islands
DDDI01SBA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.67
Year-over-Year Change
5.19%
Date Range
1/1/1978 - 1/1/2021
Summary
The 'Private Credit by Deposit Money Banks to GDP for Solomon Islands' measures the amount of credit provided by deposit money banks to the private sector as a percentage of the country's GDP. This metric is a key indicator of financial development and the availability of credit to businesses and households.
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 provides insight into the depth and breadth of the financial system in Solomon Islands. It reflects the level of intermediation between savers and investors, and is often used to assess the degree of private sector access to credit and financial services.
Methodology
The data is collected and calculated by the World Bank using national accounts and monetary survey information.
Historical Context
Policymakers and analysts use this metric to evaluate the financial health and stability of the Solomon Islands economy.
Key Facts
- Private credit as a % of GDP in Solomon Islands was 23.3% in 2020.
- This metric has increased from 18.5% in 2010 to 23.3% in 2020.
- Solomon Islands has a relatively low level of private credit compared to other developing economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total amount of credit provided by deposit money banks to the private sector in Solomon Islands, expressed as a percentage of the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial development and the availability of credit to businesses and households in Solomon Islands. It provides insights into the depth and breadth of the country's financial system and the degree of private sector access to credit.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and monetary survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial health and stability of the Solomon Islands economy, as well as to assess the level of financial intermediation and private sector access to credit.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Solomon Islands (DDDI01SBA156NWDB), retrieved from FRED.