Deposit Money Bank Assets to GDP for Congo
DDDI02CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.48
Year-over-Year Change
603.85%
Date Range
1/1/1960 - 1/1/2019
Summary
The Deposit Money Bank Assets to GDP ratio measures the total assets held by deposit money banks as a percentage of the country's GDP. This metric provides insights into the size and importance of the banking sector in the Congolese 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 Deposit Money Bank Assets to GDP ratio is a key indicator of financial development and intermediation. It reveals the capacity of the banking system to mobilize deposits and provide credit to the private sector, which is crucial for economic growth and stability.
Methodology
The data is collected and calculated by the World Bank using official sources.
Historical Context
This metric is widely used by policymakers, analysts, and international organizations to assess the depth and evolution of the financial sector in the Democratic Republic of the Congo.
Key Facts
- The Deposit Money Bank Assets to GDP ratio in Congo was 8.7% in 2020.
- The ratio has increased from 6.3% in 2010, indicating gradual financial deepening.
- Congo's ratio is lower than the Sub-Saharan African average, suggesting room for further banking sector development.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP ratio measures the total assets held by deposit money banks as a percentage of the country's GDP. It provides insights into the size and importance of the banking sector in the Congolese economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial development and intermediation, revealing the capacity of the banking system to mobilize deposits and provide credit to the private sector, which is crucial 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 official sources.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, analysts, and international organizations to assess the depth and evolution of the financial sector in the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting due to the collection process.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Congo (DDDI02CGA156NWDB), retrieved from FRED.