Financial System Deposits to GDP for Djibouti
DDDI08DJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.50
Year-over-Year Change
24.40%
Date Range
1/1/1985 - 1/1/2021
Summary
This metric tracks the ratio of Djibouti's financial system deposits to its gross domestic product (GDP), providing insight into the depth and development of the country's financial sector.
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 financial system deposits to GDP ratio measures the total value of deposits held in Djibouti's banks, insurance companies, and other financial institutions as a percentage of the country's GDP. This indicator offers insights into the breadth and maturity of Djibouti's financial system and its role in supporting economic growth.
Methodology
The data is collected by the World Bank from official government sources and financial sector regulators.
Historical Context
Policymakers and analysts use this metric to assess the financial sector's contribution to Djibouti's overall economic performance.
Key Facts
- Djibouti's financial system deposits to GDP ratio was 77.8% in 2020.
- The ratio has increased from 53.3% in 2010, indicating financial sector growth.
- Djibouti's ratio is higher than the regional average for Sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits held in Djibouti's banks, insurance companies, and other financial institutions as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: The financial system deposits to GDP ratio provides insights into the depth and development of Djibouti's financial sector, which is an important driver of economic growth.
Q: How is this data collected or calculated?
A: The World Bank collects this data from official government sources and financial sector regulators in Djibouti.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial sector's contribution to Djibouti's overall economic performance and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures.
Related Trends
Number of Identified Exporters to Djibouti from Maine
MEDJIA475SCEN
Value of Exports to Djibouti from New Hampshire
NHDJIA052SCEN
Value of Exports to Djibouti from Connecticut
CTDJIA052SCEN
Number of Identified Exporters to Djibouti from Delaware
DEDJIA475SCEN
Value of Exports to Djibouti from Virginia
VADJIA052SCEN
Non-oil Revenue for General Government for Djibouti
DJIGGRXOGDPXOPT
Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Djibouti (DDDI08DJA156NWDB), retrieved from FRED.