Financial System Deposits to GDP for Bulgaria
DDDI08BGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.51
Year-over-Year Change
42.46%
Date Range
1/1/1991 - 1/1/2021
Summary
The Financial System Deposits to GDP for Bulgaria measures the ratio of total bank deposits to the country's gross domestic product. This metric provides insight into the size and development of Bulgaria's financial system relative to its overall economic activity.
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 indicates the level of financial intermediation and mobilization of savings in an economy. It is used by economists and policymakers to assess the depth and inclusiveness of a country's financial sector and its ability to channel funds to productive investments.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
This trend is relevant for analyzing Bulgaria's financial stability, banking sector development, and progress towards financial inclusion.
Key Facts
- Bulgaria's Financial System Deposits to GDP ratio was 53.7% in 2020.
- The ratio has increased from 31.9% in 2000, indicating financial sector growth.
- Higher deposit levels suggest greater financial intermediation and mobilization of savings.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Bulgaria measures the total value of bank deposits held in the country relative to its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the development and depth of Bulgaria's financial sector, which is an important indicator of financial intermediation and the ability to channel savings into productive investments.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the stability and inclusiveness of Bulgaria's financial system, which informs decisions on financial sector regulation and development policies.
Q: Are there update delays or limitations?
A: The World Bank updates this data annually, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Bulgaria (DDDI08BGA156NWDB), retrieved from FRED.