Private Credit by Deposit Money Banks to GDP for Chad
DDDI01TDA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.52
Year-over-Year Change
303.31%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Private Credit by Deposit Money Banks to GDP for Chad' trend measures the ratio of private credit extended by deposit money banks to Chad's gross domestic product, providing insights into the financial intermediation and development of the Chadian economy.
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 metric represents the size of the formal banking sector's credit to the private sector as a percentage of the country's total economic output. It is a key indicator of financial depth and an important consideration for policymakers and analysts assessing the level of financial intermediation in the Chadian economy.
Methodology
The data is collected and calculated by the World Bank using information reported by national central banks and statistical agencies.
Historical Context
This indicator is widely used by economists and international institutions to evaluate financial sector development and its potential impact on economic growth.
Key Facts
- Chad's private credit to GDP ratio was 7.78% in 2020.
- This metric has fluctuated between 5-10% in Chad over the past decade.
- Low private credit to GDP is a sign of limited financial intermediation in the Chadian economy.
FAQs
Q: What does this economic trend measure?
A: The 'Private Credit by Deposit Money Banks to GDP for Chad' trend measures the ratio of private credit extended by deposit money banks to Chad's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and development of the Chadian economy, which is an important consideration for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information reported by national central banks and statistical agencies.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists and international institutions to evaluate financial sector development and its potential impact on economic growth in Chad.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the national statistical agencies in Chad.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Chad (DDDI01TDA156NWDB), retrieved from FRED.