Bank Deposits to GDP for Hungary
DDOI02HUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.84
Year-over-Year Change
11.90%
Date Range
1/1/1991 - 1/1/2021
Summary
The Bank Deposits to GDP for Hungary metric measures the total value of bank deposits held by individuals and businesses as a percentage of the country's gross domestic product. This indicator provides insights into the banking sector's role and the public's confidence in the 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
The Bank Deposits to GDP ratio is a key measure of financial intermediation and the size of the banking sector relative to the overall economy. It reflects the public's willingness to hold their savings in the form of bank deposits, which can signal economic stability and development.
Methodology
The data is collected by the World Bank from national sources and calculated as the total value of bank deposits divided by the country's GDP.
Historical Context
Policymakers and economists use this indicator to assess the depth and efficiency of a country's financial system and monitor trends in financial intermediation.
Key Facts
- Bank deposits in Hungary equal around 60% of GDP.
- The ratio has increased over the past decade, indicating growing financial intermediation.
- High deposit-to-GDP ratios are associated with more developed banking systems.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Hungary metric measures the total value of bank deposits held by individuals and businesses as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the banking sector's role and the public's confidence in the financial system, which is important for assessing a country's financial development and economic stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and calculated as the total value of bank deposits divided by the country's GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the depth and efficiency of a country's financial system and monitor trends in financial intermediation.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Hungary (DDOI02HUA156NWDB), retrieved from FRED.