Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Zimbabwe
DDDI12ZWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.22
Year-over-Year Change
-88.17%
Date Range
1/1/1975 - 1/1/2017
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to Zimbabwe's gross domestic product (GDP). It offers insights into the financial depth and development of the Zimbabwean 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 is a key indicator of financial intermediation and the role of the banking sector in channeling funds to the private sector. It reflects the level of financial development and the degree to which the financial system is able to mobilize savings and allocate capital effectively.
Methodology
The data is collected and calculated by the World Bank using information from central banks, statistical agencies, and international organizations.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess financial sector development and the health of the Zimbabwean economy.
Key Facts
- Zimbabwe's private credit to GDP ratio was 15.4% in 2020.
- The ratio has declined from a high of 38.4% in 2008.
- Financial sector development is a key priority for Zimbabwe'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 Zimbabwe'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 sector development and the role of the banking system in channeling funds to the private sector, which is crucial for economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from central banks, statistical agencies, and international organizations.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess financial sector development and the overall health of the Zimbabwean economy, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a 1-2 year lag in the most recent data availability.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Zimbabwe (DDDI12ZWA156NWDB), retrieved from FRED.