Bank Deposits to GDP for Saint Lucia
DDOI02LCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.51
Year-over-Year Change
-8.04%
Date Range
1/1/1975 - 1/1/2020
Summary
The Bank Deposits to GDP ratio for Saint Lucia measures the total value of bank deposits held by the public as a percentage of the country's Gross Domestic Product. This metric provides insight into the level of financial intermediation and banking sector development 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
The Bank Deposits to GDP ratio is an important indicator of financial deepening and the size of the banking system relative to the overall economy. Higher values suggest a more developed financial sector that is effectively mobilizing savings and providing credit to support economic growth.
Methodology
This data is collected and reported by the World Bank based on national account statistics.
Historical Context
Policymakers and analysts use this metric to assess the stability and efficiency of the financial system in Saint Lucia.
Key Facts
- Saint Lucia's Bank Deposits to GDP ratio was 83.6% in 2020.
- The ratio has increased from 72.8% in 2010, indicating financial sector growth.
- Saint Lucia's ratio is higher than the Latin America and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio 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 insight into the level of financial intermediation and banking sector development in the Saint Lucian economy, which is important for assessing financial stability and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national account statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the stability and efficiency of the financial system in Saint Lucia, which can inform decisions around financial regulation and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be some delay in the most recent values being available.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Saint Lucia (DDOI02LCA156NWDB), retrieved from FRED.