Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Sri Lanka
DDDI12LKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.68
Year-over-Year Change
49.38%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to GDP in Sri Lanka. It is a key indicator of financial sector development and access to credit in the 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 reflects the degree to which the private sector can access credit from the formal banking system and other lending institutions.
Methodology
The data is collected and calculated by the World Bank from national accounts and financial sector sources.
Historical Context
This indicator is widely used by economists and policymakers to assess financial inclusion and private sector credit conditions.
Key Facts
- Sri Lanka's private credit to GDP ratio was 44.5% in 2020.
- The ratio has declined from a peak of 49.5% in 2014.
- Access to credit is lower in Sri Lanka compared to other emerging economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the size of private credit provided by deposit money banks and other financial institutions as a percentage of Sri Lanka's GDP.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key measure of financial sector development and access to credit for businesses and households in the economy.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national accounts and financial sector sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial inclusion, private sector credit conditions, and the overall development of the financial system.
Q: Are there update delays or limitations?
A: The data is updated annually with a lag, so the most recent figures may not reflect the latest economic conditions.
Related Trends
Bank's Net Interest Margin for Sri Lanka
DDEI01LKA156NWDB
Value of Exports to Sri Lanka from Michigan
MILKAA052SCEN
Loans from Non-Resident Banks, Net, to GDP for Sri Lanka
DDOI08LKA156NWDB
Net Issues of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Sri Lanka
IDSGAMRINILK
Mutual Fund Assets to GDP for Sri Lanka
DDDI07LKA156NWDB
Internet users for Sri Lanka
ITNETUSERP2LKA
Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Sri Lanka (DDDI12LKA156NWDB), retrieved from FRED.