Bank Deposits to GDP for Gambia
DDOI02GMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.53
Year-over-Year Change
71.78%
Date Range
1/1/1964 - 1/1/2019
Summary
The 'Bank Deposits to GDP for Gambia' trend measures the total bank deposits as a percentage of Gambia's gross domestic product. This metric is an important indicator of the size and development of Gambia'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 provides insight into the level of financial intermediation and the relative importance of the banking sector in a country's economy. Higher ratios suggest a more developed financial system that is effectively channeling savings into productive investments.
Methodology
This metric is calculated by the World Bank using data on total bank deposits and GDP.
Historical Context
Policymakers and economists use this indicator to assess the financial depth and stability of Gambia's economy.
Key Facts
- Gambia's bank deposits to GDP ratio was 30.8% in 2020.
- The ratio has increased from 23.3% in 2010, indicating financial sector growth.
- Gambia has one of the lower bank deposit ratios among sub-Saharan African countries.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP for Gambia' metric measures the total bank deposits in Gambia as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the relative size and development of Gambia's banking system and financial sector, which is important for assessing the economy's financial depth and stability.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using data on total bank deposits and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the bank deposits to GDP ratio to evaluate the financial intermediation and overall development of Gambia's banking sector and its role in the broader economy.
Q: Are there update delays or limitations?
A: This data is published annually by the World Bank, so there may be a delay of up to a year before the most recent figures are available.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Gambia (DDOI02GMA156NWDB), retrieved from FRED.