Deposit Money Bank Assets to GDP for Philippines
DDDI02PHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.03
Year-over-Year Change
63.92%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Deposit Money Bank Assets to GDP for Philippines' metric measures the total assets held by deposit money banks as a percentage of the country's gross domestic product. This indicator provides insights into the size and importance of the Philippine banking sector.
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 trend represents the relative size of the deposit money bank industry in the Philippines. It is used by economists and policymakers to assess the level of financial intermediation and the overall development of the Philippine banking system.
Methodology
The data is collected and calculated by the World Bank based on reports from deposit money banks and national accounts.
Historical Context
This indicator is closely monitored by the Bangko Sentral ng Pilipinas, the central bank of the Philippines, to evaluate financial stability and guide policy decisions.
Key Facts
- The Philippines' deposit money bank assets to GDP ratio was 58.8% in 2020.
- This metric has increased from 36.3% in 2000, indicating growing financial intermediation.
- The banking sector plays a crucial role in the Philippine economy, providing credit and other financial services.
FAQs
Q: What does this economic trend measure?
A: The 'Deposit Money Bank Assets to GDP for Philippines' metric measures the total assets held by deposit money banks 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 Philippine banking sector, which is crucial for assessing financial intermediation and the overall development of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from deposit money banks and national accounts.
Q: How is this trend used in economic policy?
A: The Bangko Sentral ng Pilipinas, the central bank of the Philippines, closely monitors this indicator to evaluate financial stability and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Philippines (DDDI02PHA156NWDB), retrieved from FRED.