Bank Deposits to GDP for Costa Rica
DDOI02CRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.08
Year-over-Year Change
65.16%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Bank Deposits to GDP for Costa Rica' trend measures the total value of bank deposits held by the public as a percentage of the country's gross domestic product (GDP). This metric provides insights into the level of financial intermediation and the public's confidence in the banking 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 bank deposits to GDP ratio is an important indicator of financial development and the role of the banking sector in an economy. It reflects the degree to which the public chooses to hold its savings in the formal banking system rather than other assets. Higher ratios generally indicate a more developed and trusted financial system.
Methodology
The data is compiled by the World Bank from official national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this metric to assess financial sector stability and the effectiveness of monetary and banking policies.
Key Facts
- Costa Rica's bank deposits to GDP ratio was 49.6% in 2021.
- The ratio has increased from 34.4% in 2000, indicating growing financial intermediation.
- High ratios are generally associated with more stable and developed banking systems.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP for Costa Rica' trend measures the total value of bank deposits held by the public 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 level of financial intermediation and the public's confidence in the banking system, which are important indicators of financial sector development and stability.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from official national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector stability and the effectiveness of monetary and banking policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the national statistical agencies.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Costa Rica (DDOI02CRA156NWDB), retrieved from FRED.