Deposit Money Bank Assets to GDP for Benin
DDDI02BJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.66
Year-over-Year Change
18.23%
Date Range
1/1/1960 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP ratio for Benin measures the size of the country's banking sector relative to its overall economy. This metric is closely watched by economists and policymakers to gauge financial development and stability.
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 Deposit Money Bank Assets to GDP ratio represents the total assets held by commercial banks in Benin as a percentage of the country's gross domestic product. It is a key indicator of financial intermediation and the banking sector's importance within the broader economy.
Methodology
The data is collected and reported by the World Bank using national accounts and banking sector statistics.
Historical Context
This ratio is widely used to analyze a country's level of financial deepening and can inform policies aimed at promoting economic growth and financial inclusion.
Key Facts
- Benin's deposit money bank assets to GDP ratio was 31.9% in 2020.
- The ratio has increased from 23.3% in 2000, indicating financial sector growth.
- Benin's ratio is lower than the sub-Saharan Africa regional average of 45.7%.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP ratio for Benin measures the total assets held by commercial banks in the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial intermediation and the importance of the banking sector within Benin's broader economy, providing insights into the country's level of financial development and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: The deposit money bank assets to GDP ratio is widely used by economists and policymakers to analyze a country's level of financial deepening and can inform 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 changes in Benin's banking sector and overall economic performance.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Benin (DDDI02BJA156NWDB), retrieved from FRED.