Bank Deposits to GDP for Cote d'Ivoire
DDOI02CIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.40
Year-over-Year Change
126.67%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Bank Deposits to GDP for Cote d'Ivoire' measures the value of bank deposits held by residents and non-residents in Cote d'Ivoire as a percentage of the country's gross domestic product (GDP). This metric provides insight into the depth and development of Cote d'Ivoire'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
Bank deposits represent a crucial source of funding for banks to finance economic activity. Tracking this ratio helps assess financial intermediation and the role of the banking system in Cote d'Ivoire's economy.
Methodology
The data is collected and calculated by the World Bank using national account and deposit data.
Historical Context
Policymakers and analysts use this metric to evaluate financial sector development and the ability of the banking system to mobilize domestic savings.
Key Facts
- Bank deposits in Cote d'Ivoire were 26.4% of GDP in 2020.
- The ratio has increased from 18.6% in 2000, indicating growing financial intermediation.
- Cote d'Ivoire's ratio is below the sub-Saharan Africa average of 34.4% in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP for Cote d'Ivoire' measures the value of bank deposits held by residents and non-residents in Cote d'Ivoire as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and development of Cote d'Ivoire's financial sector, as bank deposits represent a crucial source of funding for banks to finance economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national account and deposit data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial sector development and the ability of the banking system to mobilize domestic savings in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Cote d'Ivoire (DDOI02CIA156NWDB), retrieved from FRED.