Private Credit by Deposit Money Banks to GDP for Barbados
DDDI01BBA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.16
Year-over-Year Change
14.61%
Date Range
1/1/1966 - 1/1/2019
Summary
This economic trend measures the ratio of private credit provided by deposit money banks to the gross domestic product (GDP) of Barbados. It is a key indicator of financial intermediation and economic development.
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 deepening in an economy. It captures the size of the formal banking sector and its role in channeling funds to the private sector, which is crucial for economic growth and investment.
Methodology
The data is collected by the World Bank from official sources and national statistics agencies.
Historical Context
This indicator is widely used by policymakers, economists, and investors to assess the financial health and development of Barbados' economy.
Key Facts
- Private credit to GDP ratio in Barbados was 78.6% in 2020.
- This indicator has declined from a peak of 93.7% in 2008.
- Barbados' ratio is higher than the Latin America and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks to the gross domestic product (GDP) of Barbados.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial intermediation and economic development, reflecting the size and role of the formal banking sector in channeling funds to the private sector.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official sources and national statistics agencies.
Q: How is this trend used in economic policy?
A: This indicator is widely used by policymakers, economists, and investors to assess the financial health and development of Barbados' economy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedules and data collection processes of the World Bank and national sources.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Barbados (DDDI01BBA156NWDB), retrieved from FRED.