Non-Bank Financial Institutions' Assets to GDP for Ethiopia
DDDI03ETA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.47
Year-over-Year Change
4.67%
Date Range
1/1/1965 - 1/1/2006
Summary
The 'Non-Bank Financial Institutions' Assets to GDP for Ethiopia' metric measures the total assets of non-bank financial institutions as a percentage of the country's gross domestic product. This provides insights into the size and importance of the non-banking financial sector in the Ethiopian 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
Non-bank financial institutions include entities such as insurance companies, pension funds, mutual funds, and other financial intermediaries that are not traditional commercial banks. Tracking this metric helps economists and policymakers assess the development and role of the broader financial system in Ethiopia.
Methodology
The data is calculated by the World Bank using national accounts and financial sector data.
Historical Context
This metric is used to analyze financial sector deepening and the potential systemic risks posed by the non-banking financial system.
Key Facts
- Non-bank financial assets were 36.5% of Ethiopia's GDP in 2020.
- The non-banking financial sector has grown rapidly in Ethiopia in recent decades.
- Pension funds and insurance companies are major components of the non-bank financial system.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total assets of non-bank financial institutions in Ethiopia as a percentage of the country's GDP. It provides insights into the size and importance of the non-banking financial sector.
Q: Why is this trend relevant for users or analysts?
A: Tracking the size of the non-banking financial system is important for assessing financial sector development and potential systemic risks in the Ethiopian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze financial sector deepening and the potential systemic risks posed by the non-banking financial system in Ethiopia.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank and may have a 1-2 year lag depending on data availability.
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Citation
U.S. Federal Reserve, Non-Bank Financial Institutions' Assets to GDP for Ethiopia (DDDI03ETA156NWDB), retrieved from FRED.