Financial System Deposits to GDP for Georgia
DDDI08GEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.31
Year-over-Year Change
156.05%
Date Range
1/1/1995 - 1/1/2021
Summary
The Financial System Deposits to GDP for Georgia metric measures the country's total bank deposits as a percentage of its gross domestic product, providing insights into the scale and depth of its 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
This indicator represents the total value of deposits held by Georgia's financial institutions, including banks and other deposit-taking corporations, relative to the size of its overall economy. It offers a gauge of the financial sector's development and the public's trust in the banking system.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Historical Context
Policymakers and analysts use this metric to assess the financial intermediation and stability of the Georgian economy.
Key Facts
- Georgia's Financial System Deposits to GDP ratio was 84.8% in 2020.
- The ratio has increased from 62.2% in 2000, indicating financial sector growth.
- Georgia's ratio is higher than the global average of 52.3% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Georgia metric measures the total value of deposits held by the country's financial institutions, including banks and other deposit-taking corporations, relative to the size of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the scale and depth of Georgia's financial system, offering a gauge of financial intermediation and public trust in the banking sector, which are crucial for economic development and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial intermediation and stability of the Georgian economy, which can inform decisions on financial sector regulation, development, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and it may not capture all financial institutions or the full scope of deposits in the Georgian economy.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Georgia (DDDI08GEA156NWDB), retrieved from FRED.