Deposit Money Bank Assets to GDP for Singapore
DDDI02SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.98
Year-over-Year Change
38.27%
Date Range
1/1/1963 - 1/1/2020
Summary
The Deposit Money Bank Assets to GDP ratio for Singapore 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 banking sector within the Singaporean 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 by economists and policymakers to assess the depth and development of a country's financial system. It reflects the overall scale and intermediation capacity of the banking sector relative to the broader economy.
Methodology
This ratio is calculated by dividing the total assets held by deposit money banks in Singapore by the country's GDP, both measured in current local currency units.
Historical Context
The size of the banking sector relative to GDP is an important consideration for monetary and financial stability policies.
Key Facts
- Singapore's Deposit Money Bank Assets to GDP ratio was 209.8% in 2020.
- The ratio has increased significantly over the past two decades, reflecting the growing importance of the banking sector.
- Singapore has one of the highest Deposit Money Bank Assets to GDP ratios globally, indicative of its highly developed financial system.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP ratio measures the total assets held by deposit money banks in Singapore 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 Singaporean economy, which is a key consideration for financial stability and economic policymaking.
Q: How is this data collected or calculated?
A: The ratio is calculated by dividing the total assets held by deposit money banks in Singapore by the country's GDP, both measured in current local currency units.
Q: How is this trend used in economic policy?
A: The size of the banking sector relative to GDP is an important consideration for monetary and financial stability policies, as it reflects the overall scale and intermediation capacity of the financial system.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Federal Reserve's FRED database, which is the source for this economic trend.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Singapore (DDDI02SGA156NWDB), retrieved from FRED.