Financial System Deposits to GDP for Colombia
DDDI08COA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.01
Year-over-Year Change
71.05%
Date Range
1/1/1960 - 1/1/2021
Summary
The Financial System Deposits to GDP trend measures the total deposits held in a country's financial system as a percentage of its gross domestic product (GDP). This indicator provides insights into the depth and development of a nation's financial 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
The Financial System Deposits to GDP ratio is a widely used metric for assessing the overall size and level of financial intermediation within an economy. It reflects the ability of the financial system to mobilize savings and channel them into productive investments, which is crucial for economic growth and development.
Methodology
The data is collected by the World Bank based on national accounts and balance sheet information from central banks and other financial regulators.
Historical Context
Policymakers and analysts use this trend to evaluate the financial sector's depth and its role in supporting economic activity.
Key Facts
- Colombia's Financial System Deposits to GDP ratio was 49.4% in 2020.
- The ratio has increased from 38.8% in 2010, indicating financial sector growth.
- A high ratio suggests a more developed financial system that can better support economic activity.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP trend measures the total deposits held in a country's financial system as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the depth and development of a nation's financial sector, which is crucial for economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank based on national accounts and balance sheet information from central banks and other financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the financial sector's depth and its role in supporting economic activity.
Q: Are there update delays or limitations?
A: The data is updated annually with a potential delay of 1-2 years.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Colombia (DDDI08COA156NWDB), retrieved from FRED.