Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Dominican Republic
DDDI12DOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.83
Year-over-Year Change
30.62%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the Gross Domestic Product (GDP) of the Dominican Republic. 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 provides insights into the depth and efficiency of a country's financial system. It reflects the level of financial intermediation and the ability of the banking and other financial institutions to channel funds to the private sector, which is crucial for economic growth and investment.
Methodology
The data is collected and calculated by the World Bank using information from central banks, national statistical offices, and international organizations.
Historical Context
This trend is widely used by policymakers, researchers, and analysts to assess the financial sector's role in the Dominican Republic's economy.
Key Facts
- The private credit to GDP ratio in the Dominican Republic was 34.4% in 2020.
- This ratio has increased from 24.9% in 2000, indicating financial sector growth.
- The Dominican Republic's ratio is lower than the Latin American and Caribbean average of 51.4% (2020).
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the Gross Domestic Product (GDP) of the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial intermediation and economic development, providing insights into the depth and efficiency of the Dominican Republic's financial system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from central banks, national statistical offices, and international organizations.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, researchers, and analysts to assess the financial sector's role in the Dominican Republic's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Dominican Republic (DDDI12DOA156NWDB), retrieved from FRED.