Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Nicaragua
DDDI12NIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.76
Year-over-Year Change
-2.27%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Nicaragua's GDP, offering insights into the country's financial development and access to credit.
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 the degree to which the economy relies on bank-based financing. It provides valuable context for assessing Nicaragua's financial depth and the private sector's access to credit markets.
Methodology
The data is calculated by the World Bank using information on private credit and GDP from national accounts.
Historical Context
This metric is widely used by economists and policymakers to evaluate financial sector development and its role in supporting economic growth.
Key Facts
- Nicaragua's private credit to GDP ratio was 36.4% in 2020.
- This indicator has fluctuated between 30-40% over the past decade.
- Access to credit is an important driver of private investment and economic growth.
FAQs
Q: What does this economic trend measure?
A: This metric measures the ratio of private credit provided by deposit money banks and other financial institutions to Nicaragua's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and the private sector's access to credit, which are important for supporting investment and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information on private credit and GDP from national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the depth and development of a country's financial sector and its role in supporting private investment and economic activity.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be available for some time. Additionally, the metric may not capture all sources of private credit in the economy.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Nicaragua (DDDI12NIA156NWDB), retrieved from FRED.