Bank Deposits to GDP for Barbados
DDOI02BBA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.12
Year-over-Year Change
-0.70%
Date Range
1/1/1966 - 1/1/2019
Summary
The Bank Deposits to GDP for Barbados measures the ratio of bank deposits to the country's gross domestic product, providing insight into the financial depth and banking sector's role in the 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
This economic indicator represents the total value of bank deposits held by the public as a percentage of Barbados' GDP. It offers insights into the level of financial intermediation and the banking sector's importance in the country's economic activities.
Methodology
The data is collected and calculated by the World Bank based on national financial sector and GDP statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the financial development and stability of the Barbadian economy.
Key Facts
- Barbados' Bank Deposits to GDP ratio was 82.31% in 2020.
- The ratio has increased from 70.03% in 2010, indicating growing financial depth.
- High ratios suggest a well-developed banking sector supporting economic activities.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Barbados measures the total value of bank deposits held by the public as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and the importance of the banking sector in Barbados' economic activities, which is useful for policymakers and analysts evaluating the country's financial development and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national financial sector and GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial development and stability of the Barbadian economy, informing policy decisions related to the financial sector and economic growth.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some time lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Barbados (DDOI02BBA156NWDB), retrieved from FRED.