Deposit Money Bank Assets to GDP for Rwanda
DDDI02RWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.24
Year-over-Year Change
190.81%
Date Range
1/1/1964 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP ratio measures the total assets held by deposit money banks as a percentage of a country's gross domestic product. This metric provides insight into the size and relative importance of the banking sector within the broader 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 financial indicator used by economists and policymakers to assess the depth and development of a country's banking system. It reflects the role of banks in intermediating funds and allocating capital throughout the economy.
Methodology
The data is collected and calculated by the World Bank based on central bank and national account statistics.
Historical Context
This metric is commonly used to evaluate financial sector development and the potential for banking-led economic growth.
Key Facts
- Rwanda's Deposit Money Bank Assets to GDP ratio was 37.4% in 2020.
- The ratio has steadily increased from 23.4% in 2010, indicating banking sector growth.
- Rwanda's ratio is lower than the global average, suggesting room for further financial deepening.
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 a country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and development of a country's banking sector, which is crucial for evaluating financial system depth and the potential for banking-led economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on central bank and national account statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess financial sector development and inform policies aimed at promoting banking system depth and access to credit.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of 1-2 years. Coverage may be limited for some countries.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Rwanda (DDDI02RWA156NWDB), retrieved from FRED.