Bank Lending Deposit Spread for Gambia
DDEI02GMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.16
Year-over-Year Change
49.71%
Date Range
1/1/1985 - 1/1/2020
Summary
The Bank Lending Deposit Spread for Gambia measures the difference between the interest rate charged by banks on loans and the interest rate paid on deposits. This metric provides insight into the profitability and competitiveness of the Gambian banking 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 Bank Lending Deposit Spread represents the gap between the interest rates that Gambian banks charge on loans and the rates they pay depositors. This spread is a key indicator of banking sector efficiency, competitiveness, and profitability.
Methodology
The data is collected and calculated by the World Bank from national sources.
Historical Context
Policymakers and analysts use this metric to assess the overall health and intermediation capacity of Gambia's banking system.
Key Facts
- Gambia's bank lending deposit spread averaged 9.28% from 2000 to 2020.
- High spreads indicate less competitive or efficient banking sectors.
- Spreads have declined in Gambia since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Bank Lending Deposit Spread for Gambia measures the difference between the interest rate charged by banks on loans and the interest rate paid on deposits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the profitability and competitiveness of Gambia's banking sector, which is important for policymakers and economists assessing financial intermediation and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank from national sources in Gambia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall health and intermediation capacity of Gambia's banking system, which informs financial sector and economic policies.
Q: Are there update delays or limitations?
A: The World Bank provides annual updates to this series, though there may be some delays in data reporting from national sources in Gambia.
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Citation
U.S. Federal Reserve, Bank Lending Deposit Spread for Gambia (DDEI02GMA156NWDB), retrieved from FRED.