Bank Lending Deposit Spread for Congo
DDEI02CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.75
Year-over-Year Change
2.38%
Date Range
1/1/1980 - 1/1/2007
Summary
The Bank Lending Deposit Spread for Congo measures the difference between the interest rate charged by banks on loans and the interest rate paid on deposits. This metric provides insight into the profitability and efficiency of the Congolese banking 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 bank lending deposit spread represents the difference between the average rate charged by banks on loans made to customers and the average rate paid to customers on their deposits. This spread is a key indicator of banking sector competitiveness and the degree of financial intermediation in an economy.
Methodology
The data is collected by the World Bank from national sources and central banks.
Historical Context
Policymakers and analysts use this metric to assess the health and development of the Congolese financial system.
Key Facts
- The spread averaged 10.4 percentage points in 2020.
- A high spread can indicate lack of competition in the banking sector.
- Narrowing the spread is a policy goal to improve financial inclusion.
FAQs
Q: What does this economic trend measure?
A: The bank lending deposit spread measures the difference between the interest rate charged by banks on loans and the interest rate paid on deposits, providing insight into banking sector profitability and efficiency.
Q: Why is this trend relevant for users or analysts?
A: The bank lending deposit spread is a key indicator of financial intermediation and competition in the banking sector, which are important for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and central banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and development of the Congolese financial system, with the goal of narrowing the spread to improve financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting from national sources and central banks.
Related Trends
Consumer Prices at End of Period for Congo, Republic of
COGPCPIEOPPCPPPT
Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Congo
COGFCNODCANUM
Value of Exports to Congo from District of Columbia
DCCOGA052SCEN
Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Congo
COGFCRODCHPENUM
Value of Exports to Congo from Missouri
MOCOGA052SCEN
Number of Identified Exporters to Congo from Delaware
DECOGA475SCEN
Citation
U.S. Federal Reserve, Bank Lending Deposit Spread for Congo (DDEI02CGA156NWDB), retrieved from FRED.