Financial System Deposits to GDP for Mali
DDDI08MLA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.96
Year-over-Year Change
73.82%
Date Range
1/1/1963 - 1/1/2020
Summary
The Financial System Deposits to GDP for Mali measures the total value of deposits held in the Malian financial system as a percentage of the country's Gross Domestic Product. This indicator provides insight into the depth and development of Mali's 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
The Financial System Deposits to GDP ratio tracks the total value of deposits, including both demand and time deposits, in Malian banks, credit unions, and other financial institutions. It is a key measure of financial intermediation and the overall size of the formal banking system relative to the broader economy.
Methodology
This data is collected and calculated by the World Bank using national account and financial system data reported by the Central Bank of Mali.
Historical Context
Policymakers and economists use this metric to assess the financial depth and development of the Malian economy.
Key Facts
- Mali's financial system deposits were 24.5% of GDP in 2020.
- The ratio has increased from 16.3% in 2000, indicating growing financial inclusion.
- Mali's deposits-to-GDP ratio lags behind the Sub-Saharan Africa regional average of 41.7%.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Mali measures the total value of deposits held in the Malian financial system as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the depth and development of Mali's financial sector, which is important for assessing financial inclusion and the overall strength of the economy.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using national account and financial system data reported by the Central Bank of Mali.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the financial depth and development of the Malian economy, which can inform decisions about financial sector reforms and broader economic policies.
Q: Are there update delays or limitations?
A: The data may have a lag of 1-2 years due to the time required for national authorities to collect and report the underlying information.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Mali (DDDI08MLA156NWDB), retrieved from FRED.