Private Credit by Deposit Money Banks to GDP for Samoa
DDDI01WSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.42
Year-over-Year Change
47.50%
Date Range
1/1/1963 - 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 Samoa. It provides insights into the depth and development of the country's financial system.
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 in an economy. It reflects the level of financial deepening and the ability of the banking sector to channel funds to the private sector, which is crucial for economic growth and development.
Methodology
The data is collected and calculated by the World Bank based on national accounts and financial sector data.
Historical Context
This trend is widely used by policymakers, economists, and analysts to assess the health and stability of Samoa's financial system.
Key Facts
- Samoa's private credit to GDP ratio was 51.75% in 2020.
- The ratio has declined from a high of 59.31% in 2007.
- Financial deepening is a key focus for Samoa's economic policymakers.
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 Samoa. It provides insights into the depth and development of the country's financial system.
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 the ability of the banking sector to channel funds to the private sector, which is crucial for economic growth and development.
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 widely used by policymakers, economists, and analysts to assess the health and stability of Samoa's financial system and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in reporting and updating the information.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Samoa (DDDI01WSA156NWDB), retrieved from FRED.