Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Croatia
DDDI12HRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.96
Year-over-Year Change
-18.53%
Date Range
1/1/1995 - 1/1/2021
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Croatia's gross domestic product (GDP). It is a key indicator of financial intermediation and access to credit in the Croatian 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
The private credit to GDP ratio provides insights into the depth and development of Croatia's financial sector. It reflects the role of financial institutions in channeling funds from savers to private borrowers, which is crucial for economic growth and investment.
Methodology
The data is compiled by the World Bank from national accounts and balance of payments statistics.
Historical Context
Policymakers use this indicator to assess financial inclusion and the effectiveness of policies aimed at improving access to credit.
Key Facts
- Croatia's private credit to GDP ratio was 58.8% in 2020.
- The ratio has declined from a peak of 77.1% in 2008 during the global financial crisis.
- Improving access to credit is a key policy priority for supporting Croatia's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Croatia's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio provides insights into the depth and development of Croatia's financial sector, which is crucial for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to assess financial inclusion and the effectiveness of policies aimed at improving access to credit in Croatia.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent values may not reflect the current state of the Croatian economy.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Croatia (DDDI12HRA156NWDB), retrieved from FRED.