Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Finland
DDDI12FIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.91
Year-over-Year Change
12.45%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks and other financial institutions to Finland'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 economic growth. It reflects the extent to which the financial sector is able to channel funds from savers to borrowers, supporting investment and consumption.
Methodology
The data is collected and calculated by the World Bank using information from national accounts and financial sector sources.
Historical Context
Policymakers and analysts use this metric to assess the health and efficiency of Finland's financial system and its role in supporting the broader economy.
Key Facts
- Finland's private credit to GDP ratio was 91.5% in 2020.
- The ratio has remained relatively stable over the past decade.
- Finland has a well-developed financial system supporting its economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks and other financial institutions to Finland's GDP. It reflects the depth and breadth 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 economic growth, as it shows the extent to which the financial sector is channeling funds from savers to borrowers to support investment and consumption.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national accounts and financial sector sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and efficiency of Finland's financial system and its role in supporting the broader economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Finland (DDDI12FIA156NWDB), retrieved from FRED.