Private Credit by Deposit Money Banks to GDP for Denmark
DDDI01DKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.75
Year-over-Year Change
-21.12%
Date Range
1/1/2000 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to Denmark's GDP. It provides insights into the depth and breadth of the country's financial intermediation.
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 development and the role of banks in the economy. It reflects the level of financial intermediation and the degree to which the banking sector mobilizes savings to provide credit to the private sector.
Methodology
The data is compiled by the World Bank from official sources.
Historical Context
This metric is closely watched by policymakers, regulators, and analysts to assess financial sector stability and the ability of the banking system to support economic growth.
Key Facts
- Denmark's private credit to GDP ratio was 182.4% in 2021.
- The ratio has fluctuated between 170-190% over the past decade.
- High levels of private credit are associated with deeper financial markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to Denmark's GDP. It reflects the depth of the country's financial intermediation.
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 ability of the banking sector to mobilize savings and provide credit to support economic growth.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from official sources.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and analysts closely monitor this metric to assess financial sector stability and the role of the banking system in supporting the economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Denmark (DDDI01DKA156NWDB), retrieved from FRED.