Deposit Money Bank Assets to GDP for Senegal
DDDI02SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.11
Year-over-Year Change
82.55%
Date Range
1/1/1960 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP for Senegal measures the total assets held by deposit money banks as a percentage of the country's gross domestic product. This metric provides insight into the size and importance of the banking sector within Senegal's overall 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 intermediation and banking sector development. It reflects the level of financial deepening and the degree to which the banking system mobilizes savings and allocates capital within the economy.
Methodology
The data is calculated by the World Bank using information on deposit money bank assets and GDP reported by national authorities.
Historical Context
Policymakers and analysts use this metric to assess the relative size and role of the banking system in Senegal's economic growth and financial stability.
Key Facts
- Senegal's deposit money bank assets were 36.3% of GDP in 2020.
- The banking sector's assets have grown steadily from 25.4% of GDP in 2000.
- Senegal's banking assets to GDP ratio is lower than the sub-Saharan Africa average.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP for Senegal measures the total assets held by deposit money banks as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and importance of Senegal's banking sector within the overall economy, which is relevant for assessing financial intermediation and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information on deposit money bank assets and GDP reported by national authorities in Senegal.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the relative size and role of the banking system in Senegal's economic growth and financial stability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
Related Trends
Number of Identified Exporters to Senegal from District of Columbia
DCSENA475SCEN
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Senegal
DDOI12SNA156NWDB
Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Senegal
DDDI12SNA156NWDB
Liquid Liabilities (Broad Money) for Senegal
DDOI07SNA648NWDB
Net Issues of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Senegal
IDSGAMNINISN
Bank's Return on Equity for Senegal
DDEI06SNA156NWDB
Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Senegal (DDDI02SNA156NWDB), retrieved from FRED.