Financial System Deposits to GDP for Congo
DDDI08CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.82
Year-over-Year Change
53.93%
Date Range
1/1/1960 - 1/1/2019
Summary
The Financial System Deposits to GDP ratio measures the total value of deposits held in the financial system as a percentage of the country's gross domestic product. This metric provides insights into the depth and stability of the Congolese financial sector.
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 ratio represents the size of the Congolese financial system relative to the overall economy. It is a key indicator of financial intermediation and can signal the level of financial development and inclusion within the country.
Methodology
The data is collected and calculated by the World Bank using national account and deposit data.
Historical Context
Policymakers often use this metric to assess the financial system's capacity to mobilize savings and support economic growth.
Key Facts
- Congo's Financial System Deposits to GDP ratio was 16.7% in 2020.
- This ratio has fluctuated between 10-20% over the past decade.
- Higher ratios indicate a more developed financial system.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP ratio measures the total value of deposits held in Congo's financial system as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and stability of Congo's financial sector, which is a key indicator of financial intermediation and economic development.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using national account and deposit information.
Q: How is this trend used in economic policy?
A: Policymakers often use this ratio to assess the financial system's capacity to mobilize savings and support economic growth in Congo.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures.
Related Trends
Number of Identified Exporters to Congo from Puerto Rico
PRCOGA475SCEN
Value of Exports to Congo from Oregon
ORCOGA052SCEN
Private Credit by Deposit Money Banks to GDP for Congo
DDDI01CGA156NWDB
Official External Debt: Debtor Based for Congo, Republic of
COGDGGDPPT
Net Issues of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Congo
IDSNFAMRINICG
Bank's Overhead Costs to Total Assets for Congo
DDEI04CGA156NWDB
Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Congo (DDDI08CGA156NWDB), retrieved from FRED.