Claims on Private Sector for Gambia, The
GMBFDSAOPPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.28
Year-over-Year Change
303.90%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Claims on Private Sector for Gambia, The' series measures the total claims held by the financial sector on the private sector in Gambia. This metric provides insight into the level of credit and financing available to businesses and individuals in the country.
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 series represents the stock of financial claims or loans held by banks, central banks, and other financial institutions on private sector entities in Gambia. It is a key indicator of private sector credit conditions and the ability of the financial system to intermediate funds to the broader economy.
Methodology
The data is collected and compiled by the Central Bank of Gambia.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the health of Gambia's financial system and private sector activity.
Key Facts
- Gambia's private sector credit-to-GDP ratio was 12.9% in 2021.
- Claims on the private sector have grown at an average annual rate of 8.7% over the past decade.
- Private sector credit is a key driver of economic growth in Gambia.
FAQs
Q: What does this economic trend measure?
A: The 'Claims on Private Sector for Gambia, The' series measures the total financial claims or loans held by the banking system and other financial institutions on private sector entities in Gambia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the availability of credit and financing for businesses and individuals in Gambia, which is a key driver of private sector activity and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Central Bank of Gambia.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor this trend to assess the health of Gambia's financial system and the ability of the private sector to access credit and financing.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Gambia, but there may be short lags in reporting.
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Citation
U.S. Federal Reserve, Claims on Private Sector for Gambia, The (GMBFDSAOPPCPPPT), retrieved from FRED.