Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for El Salvador
DDDI12SVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.18
Year-over-Year Change
16.35%
Date Range
1/1/1965 - 1/1/2021
Summary
The 'Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for El Salvador' measures the amount of credit provided to the private sector as a percentage of the country's gross domestic product (GDP).
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 insights into the level of financial intermediation and access to credit in El Salvador's economy. It is used by policymakers, analysts, and investors to assess the depth and efficiency of the country's financial system.
Methodology
The data is collected and calculated by the World Bank based on information provided by national authorities.
Historical Context
This metric helps inform discussions around financial inclusion, private investment, and economic development policies.
Key Facts
- El Salvador's private credit to GDP ratio was 48.7% in 2020.
- This indicator has declined from a peak of 59.3% in 2008.
- Access to credit is an important factor for economic growth and investment.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total credit provided to the private sector by deposit money banks and other financial institutions as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and efficiency of El Salvador's financial system, which is important for assessing financial inclusion, private investment, and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by national authorities in El Salvador.
Q: How is this trend used in economic policy?
A: This indicator helps inform discussions around financial sector policies, private investment promotion, and broader economic development strategies in El Salvador.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for El Salvador (DDDI12SVA156NWDB), retrieved from FRED.