Deposit Money Bank Assets to GDP for Jamaica
DDDI02JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.47
Year-over-Year Change
55.75%
Date Range
1/1/1960 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP for Jamaica measures the total assets of commercial banks as a percentage of the country's gross domestic product (GDP). This metric provides insight into the size and importance of the banking sector in the Jamaican 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
The Deposit Money Bank Assets to GDP ratio is a widely used indicator of financial development and the depth of the banking system. It captures the size of the banking sector relative to the overall economy, reflecting the financial intermediation role of banks.
Methodology
The data is collected and calculated by the World Bank using national accounts and banking sector data.
Historical Context
This trend is relevant for policymakers, investors, and analysts to assess the financial stability and growth potential of the Jamaican economy.
Key Facts
- Jamaica's Deposit Money Bank Assets to GDP ratio was 51.9% in 2020.
- The ratio has fluctuated between 40-60% over the past decade.
- Developed economies typically have higher Deposit Money Bank Assets to GDP ratios.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP for Jamaica measures the total assets of commercial banks operating in the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and importance of the banking sector in the Jamaican economy, which is relevant for assessing financial stability, economic growth potential, and the depth of financial intermediation.
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 data.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts use this trend to evaluate the financial development and growth potential of the Jamaican economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the most recent data availability.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Jamaica (DDDI02JMA156NWDB), retrieved from FRED.