Private Credit by Deposit Money Banks to GDP for Senegal
DDDI01SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.85
Year-over-Year Change
47.17%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of private credit by deposit money banks to GDP in Senegal. It provides insight into the financial development and depth of the Senegalese economy.
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 private credit to GDP ratio is a key indicator of financial intermediation. It tracks the extent to which the banking sector is able to channel funds from savers to private borrowers, which is crucial for economic growth and development.
Methodology
The data is collected and reported by the World Bank as part of its World Development Indicators database.
Historical Context
This metric is closely watched by policymakers, analysts, and investors to assess the financial health and growth potential of the Senegalese economy.
Key Facts
- Private credit to GDP ratio in Senegal was 25.6% in 2020.
- The ratio has increased from 19.1% in 2000, indicating growing financial depth.
- Senegal's ratio is below the sub-Saharan African average of 33.3% (2020).
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit by deposit money banks to GDP in Senegal. It reflects the level of financial intermediation in the economy.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and can provide insights into the growth potential of the Senegalese economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this metric to assess the financial health and growth potential of the Senegalese economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the World Bank.
Related Trends
Number of Identified Exporters to Senegal from North Carolina
NCSENA475SCEN
Value of Exports to Senegal from New Jersey
NJSENA052SCEN
Percentage of Foreign Bank Assets Among Total Bank Assets for Senegal
DDOI14SNA156NWDB
Number of Identified Exporters to Senegal from Nebraska
NESENA475SCEN
Provisions to Non-Performing Loans for Senegal
DDSI07SNA156NWDB
Value of Exports to Senegal from Nevada
NVSENA052SCEN
Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Senegal (DDDI01SNA156NWDB), retrieved from FRED.