Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for the Plurinational State of Bolivia
DDDI12BOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.99
Year-over-Year Change
105.29%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic indicator measures the ratio of private credit provided by deposit money banks and other financial institutions to GDP in Bolivia. It is a key metric for assessing 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 tracks the level of financial intermediation in the Bolivian economy. It provides insights into the role of the banking and non-bank financial sectors in channeling funds to the private sector, which is crucial for investment, consumption, and economic growth.
Methodology
The data is collected and reported by the World Bank using information from central banks, statistical agencies, and other authoritative sources.
Historical Context
This indicator is widely used by policymakers, analysts, and investors to evaluate Bolivia's financial development and financial inclusion.
Key Facts
- Bolivia's private credit to GDP ratio was 48.2% in 2020.
- The ratio has increased from 33.5% in 2000, indicating financial sector growth.
- Bolivia's ratio is below the Latin American and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the value of credit provided to the private sector by deposit money banks and other financial institutions as a percentage of Bolivia's GDP.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key metric for assessing the depth and development of a country's financial sector, which is crucial for supporting investment, consumption, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using information from central banks, statistical agencies, and other authoritative sources.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors use this indicator to evaluate Bolivia's financial development and financial inclusion, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lags in reporting from the source agencies.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for the Plurinational State of Bolivia (DDDI12BOA156NWDB), retrieved from FRED.