Bank Deposits to GDP for Congo
DDOI02CGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.82
Year-over-Year Change
53.93%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Bank Deposits to GDP for Congo' trend measures the total value of deposits held in Congo's banks as a percentage of its gross domestic product (GDP). This metric provides insights into the financial depth and stability of Congo's banking system.
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 deposits to GDP ratio indicates the size of the banking sector relative to the overall economy. It is used by economists and policymakers to assess financial inclusion, financial sector development, and the potential for financial intermediation to support economic growth in Congo.
Methodology
The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Historical Context
This trend is relevant for understanding Congo's financial system and its role in economic development.
Key Facts
- Congo's bank deposits to GDP ratio was 18.3% in 2020.
- The ratio has increased from 14.1% in 2010, indicating growth in the banking sector.
- A higher ratio suggests greater financial intermediation and access to banking services.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP for Congo' trend measures the total value of deposits held in Congo's banks as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial depth and stability of Congo's banking system, which is important for understanding financial inclusion and the potential for economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the development of Congo's financial sector and its role in supporting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Congo (DDOI02CGA156NWDB), retrieved from FRED.