Bank Deposits to GDP for Namibia
DDOI02NAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.13
Year-over-Year Change
13.92%
Date Range
1/1/1990 - 1/1/2021
Summary
The Bank Deposits to GDP for Namibia measures the ratio of bank deposits to the country's Gross Domestic Product, providing insight into the financial depth and intermediation of the Namibian 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 indicator represents the total value of bank deposits held by the public as a percentage of Namibia's GDP. It serves as a proxy for the size and development of the nation's banking sector and financial system relative to the overall economy.
Methodology
The data is collected and calculated by the World Bank using information from national sources and surveys.
Historical Context
Policymakers and analysts use this metric to evaluate the financial inclusion and stability of the Namibian economy.
Key Facts
- Namibia's bank deposits to GDP ratio was 49.7% in 2020.
- The ratio has increased from 36.7% in 2000, indicating financial deepening.
- Namibia's ratio is higher than the Sub-Saharan Africa regional average.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Namibia measures the total value of bank deposits held by the public as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and development of Namibia's banking sector and financial system relative to the overall economy, which is useful for evaluating financial inclusion and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national sources and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial depth and intermediation of the Namibian economy, which informs decisions related to financial sector development and stability.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Namibia (DDOI02NAA156NWDB), retrieved from FRED.