Deposit Money Bank Assets to GDP for Saint Vincent and the Grenadines
DDDI02VCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.64
Year-over-Year Change
-17.97%
Date Range
1/1/1975 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP for Saint Vincent and the Grenadines measures the total assets held by commercial banks relative to the country's gross domestic product. This provides insight into the size and importance of the banking sector in the local 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
This economic indicator represents the total assets of deposit money banks, which include commercial banks and other similar deposit-taking institutions, divided by the country's GDP. It is used to assess the depth and development of the financial system in relation to the overall economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and financial sector data sources.
Historical Context
Policymakers and analysts use this metric to evaluate financial sector depth and the role of banks in economic growth and development.
Key Facts
- Saint Vincent and the Grenadines' deposit money bank assets were 66.4% of GDP in 2020.
- The banking sector's assets have grown from 58.8% of GDP in 2010 to 66.4% in 2020.
- This metric indicates the financial system's importance in the Saint Vincent and the Grenadines economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total assets held by commercial banks and similar deposit-taking institutions in Saint Vincent and the Grenadines relative to the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and development of the financial sector in relation to the overall economy, which is important for assessing financial system depth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and financial sector data sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate the role of the banking sector in economic growth and development, and to assess financial system depth and stability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
Related Trends
Number of Identified Exporters to Saint Vincent and the Grenadines from Missouri
MOVCTA475SCEN
Number of Identified Exporters to Saint Vincent and the Grenadines from Washington
WAVCTA475SCEN
Number of Identified Exporters to Saint Vincent and the Grenadines from Tennessee
TNVCTA475SCEN
Number of Identified Exporters to Saint Vincent and the Grenadines from Arkansas
ARVCTA475SCEN
Value of Exports to Saint Vincent and the Grenadines from Massachusetts
MAVCTA052SCEN
Number of Identified Exporters to Saint Vincent and the Grenadines from North Carolina
NCVCTA475SCEN
Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Saint Vincent and the Grenadines (DDDI02VCA156NWDB), retrieved from FRED.