Bank Deposits to GDP for Mali
DDOI02MLA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.96
Year-over-Year Change
73.82%
Date Range
1/1/1963 - 1/1/2020
Summary
The 'Bank Deposits to GDP for Mali' indicator measures the ratio of a country's total bank deposits to its gross domestic product (GDP), providing insights into the financial depth and stability of the Malian economy.
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 economic trend represents the size of a country's banking system relative to the overall economy. It is a key measure of financial development and can signal the degree of public trust and access to the formal banking sector.
Methodology
The data is calculated by the World Bank using national account and deposit data.
Historical Context
Policymakers and analysts use this metric to assess the financial health and inclusion in Mali's economy.
Key Facts
- Mali's bank deposits-to-GDP ratio was 25.6% in 2020.
- The ratio has increased from 17.4% in 2000, indicating growth in the Malian banking sector.
- A higher ratio suggests greater financial depth and access to formal banking services.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP for Mali' indicator measures the ratio of a country's total bank deposits to 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 the Malian economy, signaling the degree of public trust and access to the formal banking sector.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national account and deposit data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial health and inclusion in Mali's economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in data availability.
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Percentage of Foreign Bank Assets Among Total Bank Assets for Mali
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Nominal Gross Capital Formation for Mali
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Official External Debt: Debtor Based for Mali
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Mali (DDOI02MLA156NWDB), retrieved from FRED.