Bank Deposits to GDP for Luxembourg
DDOI02LUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
437.15
Year-over-Year Change
25.90%
Date Range
1/1/1960 - 1/1/2021
Summary
The Bank Deposits to GDP for Luxembourg metric measures the ratio of a country's total bank deposits to its gross domestic product (GDP). This indicator provides insights into the overall size and importance of the banking sector within the broader 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 a key economic indicator used to assess the depth and development of a country's financial system. It reflects the extent to which the banking sector mobilizes domestic savings and channels them into productive investments, which is crucial for economic growth and stability.
Methodology
The data is calculated by the World Bank using national-level statistics on total bank deposits and GDP.
Historical Context
Policymakers and analysts monitor this trend to gauge the financial intermediation capacity and vulnerabilities of a country's banking system.
Key Facts
- Luxembourg has one of the highest bank deposits to GDP ratios globally.
- The ratio has remained above 20% in Luxembourg since the early 2000s.
- The banking sector is a major contributor to Luxembourg's economy.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Luxembourg metric measures the ratio of the country's total bank deposits to its gross domestic product (GDP), providing insights into the size and importance of the banking sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing the depth and development of Luxembourg's financial system, as well as the banking sector's capacity to mobilize domestic savings and channel them into productive investments.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national-level statistics on total bank deposits and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the financial intermediation capacity and vulnerabilities of Luxembourg's banking system, which is a key driver of the country's economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, as it relies on national-level statistics and GDP figures. There may also be some limitations in cross-country comparisons due to differences in banking sector structures and reporting practices.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Luxembourg (DDOI02LUA156NWDB), retrieved from FRED.