Financial System Deposits to GDP for Madagascar
DDDI08MGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.05
Year-over-Year Change
30.56%
Date Range
1/1/1962 - 1/1/2021
Summary
The Financial System Deposits to GDP for Madagascar measures the total value of deposits held in the country's financial system as a percentage of its gross domestic product. This indicator provides insights into the depth and development of Madagascar'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 represents the size of a country's financial intermediaries relative to the overall economy. It is a widely used metric to assess the depth and maturity of a nation's financial system and its ability to mobilize savings and allocate capital.
Methodology
This data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this indicator to evaluate financial sector development and its role in supporting economic growth.
Key Facts
- Madagascar's Financial System Deposits to GDP ratio was 20.7% in 2020.
- The ratio has increased from 15.8% in 2000, indicating gradual financial sector development.
- A higher ratio suggests a more mature financial system with greater mobilization of savings.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Madagascar measures the total value of deposits held in the country's financial system as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and development of Madagascar's financial sector, which is important for assessing the economy's ability to mobilize savings and allocate capital.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate financial sector development and its role in supporting economic growth in Madagascar.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the World Bank's statistical reporting.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Madagascar (DDDI08MGA156NWDB), retrieved from FRED.