Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Singapore
Percentage of GDP
QSGPBM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.30
Year-over-Year Change
-17.74%
Date Range
10/1/1970 - 10/1/2024
Summary
The Percentage of GDP series measures the value of gross domestic product (GDP) as a percentage of total GDP. It provides insights into the relative size and importance of different economic sectors.
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 Percentage of GDP metric tracks the contribution of specific components to the overall GDP of the United States. This data is used by economists and policymakers to analyze the structure and performance of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Historical Context
This metric is essential for understanding economic growth, assessing fiscal and monetary policies, and making informed business and investment decisions.
Key Facts
- GDP is the broadest measure of economic activity in the U.S.
- The Percentage of GDP metric tracks the relative size of different economic sectors.
- This data is essential for understanding the drivers of economic growth and development.
FAQs
Q: What does this economic trend measure?
A: The Percentage of GDP series measures the value of gross domestic product (GDP) as a percentage of total GDP, providing insights into the relative size and importance of different economic sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is essential for understanding economic growth, assessing fiscal and monetary policies, and making informed business and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to analyze the structure and performance of the economy, and to inform decision-making on fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: The Percentage of GDP data is published regularly by the U.S. Bureau of Economic Analysis, with minimal update delays.
Related Trends
Constant GDP per capita for Singapore
NYGDPPCAPKDSGP
Net migration for Singapore
SMPOPNETMSGP
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Singapore
DDOI09SGA156NWDB
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Singapore
CRDQSGAPABIS
Value of Exports to Singapore from Hawaii
HISGPA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Singapore
SGPFCLODCXDC
Citation
U.S. Federal Reserve, Percentage of GDP (QSGPBM770A), retrieved from FRED.