Financial System Deposits to GDP for Maldives
DDDI08MVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.19
Year-over-Year Change
65.58%
Date Range
1/1/1976 - 1/1/2020
Summary
The Financial System Deposits to GDP for Maldives measures the total deposits held by financial institutions as a percentage of the country's Gross Domestic Product. This metric provides insight into the size and depth of Maldives' 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 banks and other financial institutions in Maldives, divided by the country's GDP. It offers a gauge of the level 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
This metric is used by policymakers and analysts to assess the financial stability and growth potential of the Maldivian economy.
Key Facts
- Maldives' Financial System Deposits to GDP ratio was 78.47% in 2020.
- The deposits-to-GDP ratio has increased from 61.31% in 2010 to 78.47% in 2020.
- A high deposits-to-GDP ratio indicates a well-developed financial system in Maldives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by banks and other financial institutions in Maldives as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and depth of Maldives' financial system, which is an important indicator of financial stability and economic 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 and analysts use this metric to assess the financial stability and growth potential of the Maldivian economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Maldives (DDDI08MVA156NWDB), retrieved from FRED.