Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Lao People's Democratic Republic
DDDI12LAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.92
Year-over-Year Change
91.70%
Date Range
1/1/1989 - 1/1/2010
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 Lao People's Democratic Republic. It serves as an important indicator of financial deepening and access to credit in the Lao 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 size of the financial sector relative to the overall economy. It is a key measure of financial development and can provide insights into the availability of financing for businesses and households.
Methodology
The data is compiled by the World Bank from national accounts and financial sector sources.
Historical Context
This trend is widely used by economists and policymakers to assess the health and stability of the Lao financial system.
Key Facts
- Lao PDR's private credit to GDP ratio was 25.7% in 2020.
- The ratio has increased from 10.4% in 2000, indicating financial deepening.
- Access to credit remains limited compared to more developed economies.
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 Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is an important indicator of financial development and the availability of financing for businesses and households in the Lao economy.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from national accounts and financial sector sources.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to assess the health and stability of the Lao financial system.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of reporting from national sources.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Lao People's Democratic Republic (DDDI12LAA156NWDB), retrieved from FRED.