Bank Credit to Bank Deposits for Congo
DDSI04CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.59
Year-over-Year Change
296.72%
Date Range
1/1/1960 - 1/1/2019
Summary
The Bank Credit to Bank Deposits for Congo (DDSI04CGA156NWDB) measures the ratio of bank credit to total bank deposits in the Democratic Republic of the Congo. This metric provides insight into the banking sector's liquidity and ability to extend credit.
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 credit to bank deposits ratio is an important indicator of financial intermediation and the capacity of the banking system to channel funds from savers to borrowers. It reflects the extent to which banks are able to leverage their deposit base to provide loans and other credit products.
Methodology
This data is collected and reported by the World Bank based on information provided by national central banks and statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess the development and efficiency of the Congolese financial sector.
Key Facts
- The bank credit to bank deposits ratio in Congo was 26.31% in 2020.
- Congo's ratio is significantly lower than the global average of 92.5% as of 2020.
- A low ratio indicates limited financial intermediation and credit access in the Congolese economy.
FAQs
Q: What does this economic trend measure?
A: The Bank Credit to Bank Deposits for Congo (DDSI04CGA156NWDB) measures the ratio of bank credit extended to total bank deposits in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the liquidity and intermediation capacity of the Congolese banking sector, which is crucial for economic development and the ability of businesses and individuals to access credit.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by the Central Bank of Congo and national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the development and efficiency of the Congolese financial sector and inform policies aimed at improving financial intermediation and access to credit.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting by national authorities, and it may not capture all informal financial activities in the Congolese economy.
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Citation
U.S. Federal Reserve, Bank Credit to Bank Deposits for Congo (DDSI04CGA156NWDB), retrieved from FRED.