Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Denmark
DDDI12DKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.75
Year-over-Year Change
-21.12%
Date Range
1/1/1966 - 1/1/2021
Summary
This economic trend measures the level of private credit provided by banks and other financial institutions as a percentage of Denmark's GDP. It serves as an important indicator of financial development and the availability of credit in the Danish economy.
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 total value of loans and other credit instruments extended to the private sector by deposit-taking banks and other financial intermediaries, expressed as a percentage of the country's gross domestic product. This metric provides insights into the depth and breadth of a nation's financial system and its role in supporting private sector investment and economic growth.
Methodology
The data is collected and calculated by the World Bank using standardized methodologies.
Historical Context
Policymakers and analysts monitor this trend to assess the financial health and development of the Danish economy.
Key Facts
- Private credit to GDP ratio in Denmark was 194.7% in 2020.
- This metric has steadily increased from around 100% in the 1990s.
- Denmark has one of the highest private credit to GDP ratios among developed economies.
FAQs
Q: What does this economic trend measure?
A: The Private Credit to GDP ratio measures the total value of loans and other credit instruments extended to the private sector by banks and other financial intermediaries, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and development of Denmark's financial system and its ability to support private sector investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using standardized methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the financial health and development of the Danish economy, which can inform decisions related to financial regulation, economic growth strategies, and credit availability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Denmark (DDDI12DKA156NWDB), retrieved from FRED.