Financial System Deposits to GDP for Panama
DDDI08PAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.37
Year-over-Year Change
-25.07%
Date Range
1/1/1960 - 1/1/2021
Summary
The Financial System Deposits to GDP trend measures the total value of deposits held in Panama's financial system as a percentage of the country's gross domestic product. This metric provides insight into the size and development of Panama's banking sector and its importance to the 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
Financial system deposits include all non-equity liabilities of a country's financial institutions. This metric is used by economists and policymakers to assess the depth and maturity of a nation's financial markets and the public's confidence in the banking system.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance sheet information.
Historical Context
This trend is relevant for analyzing Panama's financial stability, capital flows, and the role of the banking sector in economic growth.
Key Facts
- Panama's financial system deposits were 91.1% of GDP in 2020.
- Financial system deposits have grown from 56.5% of GDP in 2000.
- Panama has one of the most developed banking sectors in Latin America.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP trend measures the total value of deposits held in Panama's financial institutions 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 development of Panama's banking sector and its importance to the overall economy, which is useful for analyzing financial stability, capital flows, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance sheet information.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Panama's financial system and its role in supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data may have a delay of up to a year or more due to the time required for national-level data collection and aggregation.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Panama (DDDI08PAA156NWDB), retrieved from FRED.