Private Credit by Deposit Money Banks to GDP for Liberia
DDDI01LRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
986.12
Year-over-Year Change
712.31%
Date Range
1/1/2001 - 1/1/2014
Summary
This economic trend measures the ratio of private credit issued by deposit money banks to GDP in Liberia. It provides insights into the depth and development of the Liberian financial sector.
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 degree to which the banking system channels funds to the private sector. This metric helps assess financial development and the role of banks in the Liberian economy.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Historical Context
Policymakers and analysts use this trend to evaluate financial sector depth and the efficiency of credit allocation in Liberia.
Key Facts
- Private credit to GDP ratio in Liberia was 15.7% in 2020.
- This metric has declined from a high of 25.2% in 2010.
- Liberia's ratio is low compared to the global average of 90%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit issued by deposit money banks to the gross domestic product (GDP) in Liberia.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and the role of the banking system in channeling funds to the private sector in Liberia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the depth and efficiency of the Liberian financial sector and guide policies to promote financial development.
Q: Are there update delays or limitations?
A: The data may have update delays, as it is reported annually by the World Bank.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Liberia (DDDI01LRA156NWDB), retrieved from FRED.