Bank Deposits to GDP for Djibouti
DDOI02DJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.50
Year-over-Year Change
24.40%
Date Range
1/1/1985 - 1/1/2021
Summary
The Bank Deposits to GDP ratio for Djibouti measures the total bank deposits held in the country as a percentage of its gross domestic product. This provides insight into the financial depth and development of Djibouti's 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 Deposits to GDP ratio reflects the size of a country's banking system relative to the overall economy. It is used by economists and policymakers to gauge financial inclusion, assess banking sector stability, and understand the role of finance in economic growth.
Methodology
This data is collected and reported by the World Bank, drawing from national accounts and financial sector statistics.
Historical Context
The Bank Deposits to GDP ratio is a key indicator for monitoring financial sector development and informing policies to promote access to banking services.
Key Facts
- Djibouti's Bank Deposits to GDP ratio was 51.75% in 2020.
- The ratio has increased from 39.5% in 2010, indicating financial sector growth.
- Djibouti's ratio is higher than the sub-Saharan Africa average of 34.6%.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio for Djibouti measures the total value of bank deposits held in the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into the depth and development of Djibouti's banking sector, which is important for assessing financial inclusion, banking stability, and the role of finance in economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: The Bank Deposits to GDP ratio is a key indicator for monitoring financial sector development and informing policies to promote access to banking services in Djibouti.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Gross Domestic Product in Current Prices for Djibouti
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Djibouti (DDOI02DJA156NWDB), retrieved from FRED.