Deposit Money Bank Assets to GDP for Sri Lanka
DDDI02LKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.59
Year-over-Year Change
82.49%
Date Range
1/1/1960 - 1/1/2019
Summary
The Deposit Money Bank Assets to GDP ratio measures the total assets held by deposit-taking banks in Sri Lanka as a percentage of the country's gross domestic product. This metric provides insight into the size and importance of the banking sector within the broader 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 indicator of financial development and intermediation in an economy. It reflects the level of banking activity and the role of the financial sector in channeling funds and facilitating economic growth.
Methodology
The data is collected and calculated by the World Bank using information from central banks and national statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess the depth and efficiency of Sri Lanka's financial system and its potential impact on economic performance.
Key Facts
- Sri Lanka's Deposit Money Bank Assets to GDP ratio was 55.5% in 2021.
- The ratio has fluctuated between 48.5% and 59.1% over the past decade.
- The banking sector plays a significant role in Sri Lanka's financial system and economy.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP ratio measures the total assets held by deposit-taking banks in Sri Lanka 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 importance of the banking sector within the broader Sri Lankan economy, which is relevant for assessing financial development and the role of the financial system in economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from central banks and national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the depth and efficiency of Sri Lanka's financial system and its potential impact on economic performance.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a delay of several months between the reference period and the data release.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Sri Lanka (DDDI02LKA156NWDB), retrieved from FRED.