Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Saint Vincent and the Grenadines
DDDI12VCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.17
Year-over-Year Change
-4.91%
Date Range
1/1/1975 - 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 Saint Vincent and the Grenadines. It serves as an indicator of financial intermediation and the depth of the country's financial sector.
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 extent to which the financial system channels funds to the private sector. A high ratio is generally associated with greater financial development and the efficient allocation of resources to productive economic activities.
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 metric is widely used by policymakers, economists, and investors to assess the financial health and growth potential of an economy.
Key Facts
- Saint Vincent and the Grenadines' private credit to GDP ratio was 51.75% in 2020.
- The ratio has fluctuated between 45-55% over the past decade.
- A higher ratio indicates a more developed financial system in the country.
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 Saint Vincent and the Grenadines.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio provides insights into the depth and development of a country's financial sector, which is important for economic growth and stability.
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: Policymakers, economists, and investors use this metric to assess the financial health and growth potential of the Saint Vincent and the Grenadines economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the reporting agencies.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Saint Vincent and the Grenadines (DDDI12VCA156NWDB), retrieved from FRED.