Bank Deposits to GDP for Mozambique
DDOI02MZA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.18
Year-over-Year Change
79.65%
Date Range
1/1/1988 - 1/1/2021
Summary
The Bank Deposits to GDP for Mozambique measures the value of bank deposits held by individuals and businesses as a percentage of the country's gross domestic product (GDP). This metric provides insight into the development and depth of Mozambique'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
The Bank Deposits to GDP ratio is a key indicator of financial inclusion and the overall health of a nation's banking system. It reflects the level of public trust and participation in formal financial services, which is crucial for economic growth and stability.
Methodology
The data is collected by the World Bank from national sources and calculated as the value of bank deposits divided by the country's GDP.
Historical Context
Policymakers use this metric to assess financial sector development and guide policies aimed at promoting financial inclusion and deepening.
Key Facts
- Bank deposits in Mozambique are equivalent to over 40% of its GDP.
- The bank deposits to GDP ratio in Mozambique has increased steadily over the past decade.
- Mozambique's bank deposits to GDP ratio is higher than the sub-Saharan African average.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Mozambique measures the value of bank deposits held by individuals and businesses 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 development and depth of Mozambique's financial sector, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and calculated as the value of bank deposits divided by the country's GDP.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess financial sector development and guide policies aimed at promoting financial inclusion and deepening.
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.
Related Trends
Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Mozambique
MOZFCMARANUM
Number of Identified Exporters to Mozambique from Nebraska
NEMOZA475SCEN
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Mozambique
MOZFCBODCKNUM
General Government Revenue for Mozambique
MOZGGRG01GDPPT
Bank Concentration for Mozambique
DDOI01MZA156NWDB
Constant GDP per capita for Mozambique
NYGDPPCAPKDMOZ
Citation
U.S. Federal Reserve, Bank Deposits to GDP for Mozambique (DDOI02MZA156NWDB), retrieved from FRED.