Deposit Money Bank Assets to GDP for Gambia
DDDI02GMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.31
Year-over-Year Change
75.34%
Date Range
1/1/1964 - 1/1/2019
Summary
The 'Deposit Money Bank Assets to GDP for Gambia' tracks the value of commercial bank assets as a percentage of the country's gross domestic product (GDP). This metric provides insight into the relative size and importance of the banking sector in the Gambian 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
This series measures the total assets held by deposit-taking banks in Gambia, including cash, loans, investments, and other assets, divided by the country's GDP. It is a key indicator of financial development and the depth of the banking system within the broader economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Historical Context
Policymakers and analysts use this metric to assess the financial intermediation capacity and overall health of Gambia's banking sector.
Key Facts
- Gambia's deposit money bank assets to GDP ratio was 28.9% in 2020.
- The ratio has fluctuated between 22-30% over the past decade.
- A higher ratio typically indicates a more developed financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets held by commercial banks in Gambia as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relative size and importance of the banking sector within the Gambian economy, which is a key indicator of financial development and the depth of financial intermediation.
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: Policymakers and analysts use this metric to assess the financial intermediation capacity and overall health of Gambia's banking sector, which is relevant for economic growth and financial stability policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Gambia (DDDI02GMA156NWDB), retrieved from FRED.