Financial System Deposits to GDP for Saint Lucia
DDDI08LCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.51
Year-over-Year Change
-8.04%
Date Range
1/1/1975 - 1/1/2020
Summary
The Financial System Deposits to GDP for Saint Lucia measures the value of deposits held by the financial system as a percentage of the country's Gross Domestic Product. This indicator provides insights into the depth and stability of Saint Lucia's 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 represents the total value of deposits held by banks and other financial institutions in Saint Lucia, divided by the country's GDP. It is a key measure of financial intermediation and the overall development of the financial sector.
Methodology
The data is collected and calculated by the World Bank based on national accounts and financial sector data.
Historical Context
Policymakers use this indicator to assess the soundness and efficiency of Saint Lucia's financial system and its capacity to support economic growth.
Key Facts
- Saint Lucia's Financial System Deposits to GDP ratio was 78.47% in 2020.
- The ratio has increased from 57.31% in 2000, indicating financial sector growth.
- A high ratio suggests a well-developed financial system that can support investment and economic activity.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Saint Lucia measures the value of deposits held by the country's banks and other financial institutions as a percentage of its Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and stability of Saint Lucia's financial system, which is crucial for supporting investment, economic growth, and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to assess the soundness and efficiency of Saint Lucia's financial system and its capacity to support economic growth and development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delay in the most recent year's information.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Saint Lucia (DDDI08LCA156NWDB), retrieved from FRED.