Private Credit by Deposit Money Banks to GDP for Cote d'Ivoire
DDDI01CIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.89
Year-over-Year Change
85.92%
Date Range
1/1/1960 - 1/1/2021
Summary
This trend measures the ratio of private credit by deposit money banks to GDP in Cote d'Ivoire. It provides insight into the depth and development of the country's 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 economic development. It captures the level of funding that banks provide to the private sector, which is vital for investment, growth, and employment.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
This metric is widely used by policymakers, analysts, and international organizations to assess a country's financial system and its role in supporting the broader economy.
Key Facts
- Private credit to GDP ratio in Cote d'Ivoire was 24.5% in 2020.
- The ratio has increased from 17.6% in 2000, indicating financial sector growth.
- A higher ratio is associated with greater economic prosperity and stability.
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) in Cote d'Ivoire.
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 availability of credit for private investment, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and international organizations use this metric to assess a country's financial system and its role in supporting the broader economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Cote d'Ivoire (DDDI01CIA156NWDB), retrieved from FRED.