Bank Deposits to GDP for Ethiopia
DDOI02ETA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.37
Year-over-Year Change
50.33%
Date Range
1/1/1961 - 1/1/2008
Summary
The Bank Deposits to GDP ratio measures the total value of deposits held in banks relative to the size of the Ethiopian economy. It provides insight into the level of financial intermediation and banking sector development in the country.
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
This metric represents the total value of deposits, including demand, time, and savings deposits, held by the public in banks operating in Ethiopia. It is a key indicator of financial inclusion and the overall strength of the banking system.
Methodology
The data is collected and calculated by the World Bank using national accounts and financial sector data.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the financial health and development of the Ethiopian economy.
Key Facts
- Ethiopia's Bank Deposits to GDP ratio was 31.9% in 2020.
- The ratio has increased from 19.8% in 2000, indicating growing financial sector development.
- Higher ratios are associated with greater financial stability and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio measures the total value of deposits held in banks relative to the size of the Ethiopian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and banking sector development in Ethiopia, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, investors, and analysts to assess the financial health and development of the Ethiopian economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of up to 2 years.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Ethiopia (DDOI02ETA156NWDB), retrieved from FRED.