Financial System Deposits to GDP for Costa Rica
DDDI08CRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.08
Year-over-Year Change
65.16%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of financial system deposits to GDP in Costa Rica. It provides insights into the size and development of the country's financial sector relative to its overall 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 financial system deposits to GDP ratio is an important indicator of financial sector depth and development. It reflects the size of the banking and other financial institutions relative to the broader economy, which is relevant for assessing financial sector stability and access to credit.
Methodology
The data is calculated by the World Bank using domestic deposit data and GDP figures.
Historical Context
This metric is used by policymakers, economists, and investors to evaluate the financial development and inclusion in Costa Rica.
Key Facts
- Costa Rica's financial system deposits to GDP ratio was 52.8% in 2020.
- The ratio has increased from 34.3% in 2000, indicating financial sector growth.
- Costa Rica's ratio is lower than the Latin America and Caribbean average of 57.5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of financial system deposits to GDP in Costa Rica, providing insights into the size and development of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: The financial system deposits to GDP ratio is an important indicator of financial sector depth and development, which is relevant for assessing financial stability and access to credit in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using domestic deposit data and GDP figures.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and investors to evaluate the financial development and inclusion in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential lags in reporting.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Costa Rica (DDDI08CRA156NWDB), retrieved from FRED.