Bank Deposits to GDP for Chad
DDOI02TDA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.14
Year-over-Year Change
167.80%
Date Range
1/1/1970 - 1/1/2019
Summary
The Bank Deposits to GDP ratio for Chad measures the total value of bank deposits as a percentage of the country's gross domestic product. This indicator provides insight into the level of financial intermediation and banking sector development in the Chadian 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 Bank Deposits to GDP ratio reflects the size of the banking system relative to the overall economic output. It is a key metric used by economists and policymakers to assess the depth and breadth of a country's financial system and its ability to mobilize savings and channel them into productive investments.
Methodology
The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Historical Context
This indicator is widely used to benchmark financial sector development and its role in economic growth across countries.
Key Facts
- Chad's Bank Deposits to GDP ratio was 10.3% in 2020.
- The ratio has remained relatively stable over the past decade.
- Increasing financial inclusion is a key policy priority for the Chadian government.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio for Chad measures the total value of bank deposits as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial intermediation and banking sector development in the Chadian economy, which is crucial for supporting economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: The Bank Deposits to GDP ratio is widely used by economists and policymakers to benchmark financial sector development and its role in supporting economic growth across countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Chad
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Value of Exports to Chad from Pennsylvania
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Chad (DDOI02TDA156NWDB), retrieved from FRED.