Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Senegal
DDDI04SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.63
Year-over-Year Change
3.45%
Date Range
1/1/1964 - 1/1/2021
Summary
This trend measures the ratio of deposit money bank assets to the combined assets of deposit money banks and the central bank in Senegal. It provides insight into the relative size and importance of the banking sector compared to the central bank.
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 deposit money bank assets and central bank assets ratio indicates the degree of financial intermediation by private deposit-taking institutions versus the central bank in an economy. It is used to analyze financial sector development and the role of the banking system.
Methodology
This ratio is calculated using data on deposit money bank assets and central bank assets reported by the World Bank's World Development Indicators database.
Historical Context
Policymakers and analysts use this metric to assess financial sector structure and monitor changes in the banking system's prominence relative to the central bank.
Key Facts
- Senegal's deposit money bank assets to total bank and central bank assets ratio was 0.89 in 2020.
- This ratio has remained relatively stable in Senegal over the past decade.
- A higher ratio indicates a more prominent role for private deposit-taking institutions in the financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of deposit money bank assets to the combined assets of deposit money banks and the central bank in Senegal. It provides insight into the relative size and importance of the banking sector compared to the central bank.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to analyze financial sector development and the role of the banking system in an economy. It helps policymakers and analysts assess the degree of financial intermediation by private deposit-taking institutions versus the central bank.
Q: How is this data collected or calculated?
A: This ratio is calculated using data on deposit money bank assets and central bank assets reported by the World Bank's World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector structure and monitor changes in the banking system's prominence relative to the central bank, which is relevant for policies aimed at developing the financial sector.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and availability from the World Bank's World Development Indicators database, which may have some update delays.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Senegal (DDDI04SNA156NWDB), retrieved from FRED.