Bank Deposits to GDP for Lesotho
DDOI02LSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.23
Year-over-Year Change
5.60%
Date Range
1/1/1973 - 1/1/2021
Summary
The Bank Deposits to GDP for Lesotho measures the value of bank deposits as a percentage of the country's total economic output. This indicator provides insights into the financial depth and stability of Lesotho's banking 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
Bank deposits are a key component of a country's money supply and financial system. The Bank Deposits to GDP ratio tracks the size of the banking system relative to the overall economy, which is an important metric for assessing financial development and access to banking services.
Methodology
This data is collected and calculated by the World Bank using official national accounts and banking sector statistics.
Historical Context
Policymakers and analysts use this indicator to evaluate the financial health and inclusion of Lesotho's economy.
Key Facts
- Bank deposits in Lesotho are approximately 50% of GDP.
- Lesotho's bank deposit ratio has increased steadily over the past decade.
- A high bank deposit to GDP ratio signals a well-developed financial system.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Lesotho measures the total value of bank deposits in the country as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and stability of Lesotho's banking sector and its overall financial development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate the financial health, inclusion, and stability of Lesotho's economy.
Q: Are there update delays or limitations?
A: The World Bank updates this data regularly, but there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Lesotho (DDOI02LSA156NWDB), retrieved from FRED.