Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Sweden
DDDI12SEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.69
Year-over-Year Change
9.49%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Sweden' trend measures the amount of credit extended by banks and other financial institutions as a percentage of Sweden's gross domestic product (GDP).
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
This economic indicator provides insight into the level of financial intermediation and depth of the Swedish credit market. It is used by economists and policymakers to assess the private sector's access to financial services and the overall development of the country's financial system.
Methodology
The data is calculated by the World Bank using information on private credit and GDP from national statistical agencies.
Historical Context
Tracking this trend helps inform financial sector policies and macroeconomic analysis in Sweden.
Key Facts
- Sweden's private credit to GDP ratio was 144.8% in 2020.
- The trend has remained relatively stable since the 2008 financial crisis.
- Private credit levels are a key indicator of financial development and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit extended by banks and other financial institutions to the private sector in Sweden, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is an important indicator of financial intermediation and the overall development of a country's financial system, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using information on private credit and GDP from Sweden's national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth and inclusiveness of Sweden's credit markets, which informs financial sector policies and macroeconomic analysis.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, so the most recent figures may not reflect the current state of the Swedish credit market.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Sweden (DDDI12SEA156NWDB), retrieved from FRED.