Deposit Money Bank Assets to GDP for Panama
DDDI02PAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.90
Year-over-Year Change
17.25%
Date Range
1/1/1960 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP ratio for Panama measures the total assets held by commercial banks as a percentage of the country's gross domestic product. This indicator provides insights into the size and role of the banking sector within the Panamanian 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 represents the total financial assets held by commercial banks, including loans, securities, and other investments, expressed as a percentage of the country's GDP. This metric is used by economists and policymakers to assess the depth and development of the banking system and its contribution to economic growth.
Methodology
The data is collected and calculated by the World Bank using official sources from the Panamanian government and financial institutions.
Historical Context
This economic indicator is widely used by analysts, investors, and policymakers to evaluate the financial and economic conditions in Panama.
Key Facts
- Panama's Deposit Money Bank Assets to GDP ratio was 83.9% in 2020.
- The ratio has fluctuated between 70% and 90% over the past decade.
- Panama has a well-developed banking sector that plays a significant role in the country's economy.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP ratio measures the total assets held by commercial banks in Panama as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and importance of the banking sector within the Panamanian economy, which is useful for assessing financial stability, economic growth, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official sources from the Panamanian government and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate the development and contribution of the banking sector to Panama's economic growth and stability, which can inform financial regulations and monetary policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Panama (DDDI02PAA156NWDB), retrieved from FRED.