Private Credit by Deposit Money Banks to GDP for Congo
DDDI01CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.23
Year-over-Year Change
510.66%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Private Credit by Deposit Money Banks to GDP for Congo' series measures the ratio of private credit provided by deposit money banks to the country's gross domestic product, providing insight into financial sector development.
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
This economic indicator represents the level of financial intermediation in the Congolese economy. It is a widely used metric for assessing the depth and breadth of the banking system and its role in channeling funds to the private sector.
Methodology
The data is collected and calculated by the World Bank using standardized national accounts and banking sector statistics.
Historical Context
Policymakers and analysts use this metric to evaluate financial sector policies and their impact on economic growth.
Key Facts
- Private credit to GDP ratio in Congo was 8.7% in 2020.
- Congo's private credit to GDP ratio has remained below 10% since the early 2000s.
- The low private credit to GDP ratio in Congo indicates a relatively underdeveloped financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks to the gross domestic product of Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial sector development and the ability of the banking system to channel funds to the private sector, which is crucial for economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using standardized national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate financial sector policies and their impact on economic growth and development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Congo (DDDI01CGA156NWDB), retrieved from FRED.