Bank Deposits to GDP for Comoros
DDOI02KMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.62
Year-over-Year Change
98.64%
Date Range
1/1/1982 - 1/1/2021
Summary
The Bank Deposits to GDP for Comoros metric measures the total value of deposits held by banks in Comoros as a percentage of the country's Gross Domestic Product. This indicator provides insights into the depth and development of the Comorian banking system.
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 is a key measure of financial depth and intermediation within an economy. It reflects the level of public confidence in the banking system and the degree to which the financial sector is mobilizing domestic savings to support economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Historical Context
Policymakers and analysts use this metric to assess the financial sector's role in Comoros' economic development and identify areas for potential reform or deepening of financial inclusion.
Key Facts
- Comoros' Bank Deposits to GDP ratio was 31.9% in 2020.
- The ratio has increased from 26.4% in 2010, indicating gradual financial deepening.
- Comoros' ratio is lower than the Sub-Saharan Africa regional average of 44.3% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Comoros metric measures the total value of deposits held by banks in Comoros as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and development of the Comorian banking system, reflecting the level of public confidence and the degree to which the financial sector is mobilizing domestic savings to support economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial sector's role in Comoros' economic development and identify areas for potential reform or deepening of financial inclusion.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national-level financial and economic statistics reported by the Comorian government.
Related Trends
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COMTTTIX
Number of Identified Exporters to Comoros from Washington
WACOMA475SCEN
Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Comoros
COMFCAODCHANUM
Official External Debt: Debtor Based for Comoros
COMDGGDPPT
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Comoros
COMFCSODCHGGDPPT
Gross Debt Position of the General Government for Comoros
COMGGXWDGG01GDPPT
Citation
U.S. Federal Reserve, Bank Deposits to GDP for Comoros (DDOI02KMA156NWDB), retrieved from FRED.