Private Credit by Deposit Money Banks to GDP for Mali
DDDI01MLA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.04
Year-over-Year Change
70.22%
Date Range
1/1/1963 - 1/1/2020
Summary
The 'Private Credit by Deposit Money Banks to GDP for Mali' trend measures the domestic credit provided by the banking sector as a percentage of the country's gross domestic product (GDP).
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 metric indicates the level of financial intermediation in Mali's economy, reflecting the degree to which the banking system channels funds from savers to private borrowers for investment and consumption purposes.
Methodology
The data is collected and calculated by the World Bank as part of its World Development Indicators database.
Historical Context
Policymakers and analysts use this indicator to assess the financial development and depth of Mali's economy.
Key Facts
- Mali's private credit to GDP ratio was 23.78% in 2020.
- This indicator has increased from 17.47% in 2000.
- The banking sector plays a significant role in Mali's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of domestic credit provided by deposit money banks as a percentage of Mali's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial development and the role of the banking sector in channeling funds to private borrowers, which is important for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank as part of its World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the depth and development of Mali's financial system, which is relevant for policies aimed at promoting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic conditions in Mali.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Mali (DDDI01MLA156NWDB), retrieved from FRED.