Private Credit by Deposit Money Banks to GDP for Maldives
DDDI01MVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.69
Year-over-Year Change
-21.82%
Date Range
1/1/1976 - 1/1/2020
Summary
This economic trend measures the ratio of private credit provided by deposit money banks to the gross domestic product (GDP) of Maldives. 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 degree to which the banking sector channels funds from savers to private borrowers, which is crucial for investment and economic growth. This indicator is widely used by economists and policymakers to assess the health and depth of a country's financial system.
Methodology
The data is collected by the World Bank from national statistics offices and central banks.
Historical Context
This metric helps inform monetary and financial policies aimed at promoting private sector credit access and broader economic development.
Key Facts
- Maldives' private credit to GDP ratio was 39.4% in 2020.
- This indicator has fluctuated between 30-45% over the past decade.
- Expanding access to private credit is a key policy goal for Maldives.
FAQs
Q: What does this economic trend measure?
A: This metric measures the amount of private credit provided by deposit money banks as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a crucial indicator of financial intermediation and economic development, helping policymakers assess the health and depth of a country's financial system.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national statistics offices and central banks.
Q: How is this trend used in economic policy?
A: This metric informs monetary and financial policies aimed at promoting private sector credit access and broader economic development.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not fully capture recent economic conditions.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Maldives (DDDI01MVA156NWDB), retrieved from FRED.