Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Samoa
DDDI12WSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.53
Year-over-Year Change
64.83%
Date Range
1/1/1963 - 1/1/2020
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the gross domestic product (GDP) of Samoa. It is an important indicator of financial development and the role of the financial sector in the Samoan 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 reflects the level of financial intermediation and the degree to which the financial system channels funds to the private sector. This metric is widely used by economists and policymakers to assess the depth and efficiency of a country's financial system.
Methodology
The data is compiled by the World Bank using national accounts and financial sector data.
Historical Context
This indicator provides insights into financial inclusion and access to credit, which are crucial for economic growth and development.
Key Facts
- Samoa's private credit to GDP ratio was 47.8% in 2020.
- The ratio has increased from 35.1% in 2000, indicating financial sector growth.
- Samoa's ratio is lower than the global average of 92.8% in 2020.
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 the gross domestic product (GDP) of Samoa.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is an important indicator of financial development and the role of the financial sector in the economy, providing insights into financial inclusion and access to credit.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists and policymakers to assess the depth and efficiency of a country's financial system, which is crucial for economic growth and development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and financial sector information reported by Samoa.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Samoa (DDDI12WSA156NWDB), retrieved from FRED.