Loans from Non-Resident Banks, Net, to GDP for Bermuda
DDOI08BMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.57
Year-over-Year Change
1169.98%
Date Range
1/1/1993 - 1/1/2021
Summary
This trend measures the net value of loans from non-resident banks to Bermuda's GDP. It provides insights into Bermuda's financial integration and reliance on foreign banking resources.
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 'Loans from Non-Resident Banks, Net, to GDP for Bermuda' metric tracks the flow of cross-border bank lending to Bermuda's economy. It reflects the degree to which Bermuda relies on external financing sources and its integration with the global banking system.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
This trend is used by economists and policymakers to assess Bermuda's financial openness and vulnerability to external shocks.
Key Facts
- Bermuda's net loans from non-resident banks were 58.9% of GDP in 2020.
- This trend has fluctuated between 44% and 67% of GDP over the past decade.
- Bermuda's reliance on foreign bank financing is higher than many other small island economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net value of loans from non-resident (foreign) banks to Bermuda's GDP. It reflects Bermuda's financial integration and reliance on external banking resources.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Bermuda's financial openness and vulnerability to external shocks, making it useful for economists and policymakers assessing the island's economic stability and integration with global markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess Bermuda's financial openness and reliance on foreign banking resources, which can inform decisions about regulatory frameworks and policies to promote economic resilience.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of national accounts and balance of payments statistics, which may range from several months to a year or more.
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Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Net, to GDP for Bermuda (DDOI08BMA156NWDB), retrieved from FRED.