Financial System Deposits to GDP for Barbados
DDDI08BBA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.12
Year-over-Year Change
-0.70%
Date Range
1/1/1966 - 1/1/2019
Summary
The Financial System Deposits to GDP for Barbados measures the total value of deposits held in the country's financial institutions as a percentage of its gross domestic product. This indicator provides insights into the depth and development of Barbados' financial system.
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 Financial System Deposits to GDP ratio represents the size of a country's financial intermediaries in relation to the overall economy. It is a key metric used by economists and policymakers to assess the financial sector's role in mobilizing savings and channeling them into productive investments.
Methodology
The data is collected and calculated by the World Bank using official sources from Barbados' central bank and national accounts.
Historical Context
This indicator is widely used to evaluate financial sector development and its potential impact on economic growth and stability.
Key Facts
- Barbados' Financial System Deposits to GDP ratio was 78.47% in 2020.
- The ratio has fluctuated between 70-90% over the past decade.
- A high ratio indicates a well-developed financial system.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Barbados measures the total value of deposits held in the country's financial institutions as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and development of Barbados' financial system, which is a key factor in supporting economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official sources from Barbados' central bank and national accounts.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists and policymakers to evaluate financial sector development and its potential impact on economic growth 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
Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Barbados (DDDI08BBA156NWDB), retrieved from FRED.