Financial System Deposits to GDP for Philippines
DDDI08PHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.74
Year-over-Year Change
49.01%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Financial System Deposits to GDP for Philippines' trend measures the total value of deposits held by the Philippine financial system as a percentage of the country's Gross Domestic Product (GDP). This metric provides insights into the depth and development of the Philippines' financial sector.
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 widely used indicator of financial depth and intermediation. It reflects the size of the deposit-taking institutions relative to the overall economy, which is an important factor in economic growth and stability.
Methodology
The data is collected and calculated by the World Bank based on financial sector and GDP statistics from the Philippine government.
Historical Context
Policymakers and analysts use this trend to assess the financial health and development of the Philippine economy.
Key Facts
- The Philippines' financial system deposits-to-GDP ratio was 51.5% in 2020.
- The ratio has increased from 34.5% in 2000, indicating growing financial intermediation.
- A higher ratio generally signifies a more developed financial sector.
FAQs
Q: What does this economic trend measure?
A: The 'Financial System Deposits to GDP for Philippines' measures the total value of deposits held by the Philippine financial system as a percentage of the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and development of the Philippines' financial sector, which is an important factor in economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on financial sector and GDP statistics from the Philippine government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial health and development of the Philippine economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Philippines (DDDI08PHA156NWDB), retrieved from FRED.