Financial System Deposits to GDP for Ecuador
DDDI08ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.33
Year-over-Year Change
95.25%
Date Range
1/1/1960 - 1/1/2021
Summary
The Financial System Deposits to GDP for Ecuador measures the value of total deposits held by financial institutions as a percentage of the country's Gross Domestic Product. This indicator provides insights into the size and stability of Ecuador's banking and 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 is a key measure of financial development and intermediation. It reflects the ability of the financial system to mobilize savings and provide credit to the economy. High values typically indicate a more developed financial sector that is effectively channeling funds to productive investments.
Methodology
This data is calculated by the World Bank using information on total deposits and GDP from national sources.
Historical Context
Policymakers and analysts use this metric to assess the depth and efficiency of Ecuador's financial system in supporting economic growth and stability.
Key Facts
- Ecuador's Financial System Deposits to GDP ratio was 32.5% in 2020.
- The ratio has increased from 22.6% in 2000, indicating financial sector growth.
- High deposit levels support bank lending and investment in the economy.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Ecuador measures the total value of deposits held by financial institutions in the country as a percentage of its Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size, depth, and stability of Ecuador's financial system, which is important for assessing the economy's ability to mobilize savings and channel funds to productive investments.
Q: How is this data collected or calculated?
A: The World Bank calculates this ratio using data on total deposits and GDP from national sources in Ecuador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Financial System Deposits to GDP ratio to evaluate the development and efficiency of Ecuador's financial sector in supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Ecuador (DDDI08ECA156NWDB), retrieved from FRED.