Deposit Money Bank Assets to GDP for Saint Kitts and Nevis
DDDI02KNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.02
Year-over-Year Change
-30.96%
Date Range
1/1/1979 - 1/1/2021
Summary
This economic trend measures the ratio of deposit money bank assets to the gross domestic product (GDP) of Saint Kitts and Nevis. It provides insights into the size and importance of the banking sector relative to the overall 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 key metric used to evaluate the financial depth and intermediation of an economy. It indicates the level of financial development and the ability of the banking system to mobilize savings and allocate capital.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance sheet information.
Historical Context
Policymakers and analysts use this trend to assess financial sector stability and the effectiveness of policies aimed at promoting financial inclusion and economic growth.
Key Facts
- Saint Kitts and Nevis had a deposit money bank assets to GDP ratio of 73.5% in 2020.
- The ratio has increased from 58.7% in 2000, indicating financial sector growth.
- A higher ratio suggests a more developed banking system and greater financial intermediation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of deposit money bank assets to the gross domestic product (GDP) of Saint Kitts and Nevis, providing insights into the size and importance of the banking sector relative to the overall economy.
Q: Why is this trend relevant for users or analysts?
A: The deposit money bank assets to GDP ratio is a key metric used to evaluate the financial depth and intermediation of an economy, indicating the level of financial development and the ability of the banking system to mobilize savings and allocate capital.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance sheet information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial sector stability and the effectiveness of policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in reporting due to the time required to collect and process the necessary information.
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Balance of Payments: Current account balance (credit less debit) for St. Kitts and Nevis
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Saint Kitts and Nevis (DDDI02KNA156NWDB), retrieved from FRED.