Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Congo
DDDI12CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.23
Year-over-Year Change
510.66%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the Gross Domestic Product (GDP) of the Democratic Republic of the Congo. It is a key indicator of financial depth and development in the Congolese 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 private credit to GDP ratio provides insight into the level of financial intermediation and access to credit within the Congolese economy. It serves as a proxy for the financial sector's ability to channel savings into productive investments, which is crucial for economic growth and development.
Methodology
The data is collected and calculated by the World Bank using financial statistics and national accounts data.
Historical Context
This indicator is widely used by policymakers, economists, and financial analysts to assess the Congo's financial sector development and identify opportunities for reform.
Key Facts
- The private credit to GDP ratio in the Congo was 8.4% in 2020.
- This indicator has remained below 10% in the Congo over the past decade.
- Increasing access to credit is a key policy goal for promoting economic growth in the Congo.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the Gross Domestic Product (GDP) of the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a crucial indicator of financial sector development and the ability of the Congolese economy to channel savings into productive investments, which is essential for economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using financial statistics and national accounts data.
Q: How is this trend used in economic policy?
A: This indicator is widely used by policymakers, economists, and financial analysts to assess the Congo's financial sector development and identify opportunities for reform to promote greater access to credit and support economic growth.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Congo (DDDI12CGA156NWDB), retrieved from FRED.