Bank Deposits to GDP for Philippines
DDOI02PHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.74
Year-over-Year Change
49.01%
Date Range
1/1/1960 - 1/1/2021
Summary
The Bank Deposits to GDP ratio for the Philippines measures the total value of bank deposits held by the public as a percentage of the country's Gross Domestic Product. This indicator provides insights into the development and stability of the Philippine 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 an important metric used by economists and policymakers to assess the depth and maturity of a country's banking sector. It serves as a proxy for financial intermediation and can signal the level of public confidence in the banking system.
Methodology
The data is calculated by dividing the total value of bank deposits by the country's GDP, both measured in the local currency.
Historical Context
This indicator is closely monitored by the Philippine central bank and other financial authorities to evaluate the effectiveness of monetary and financial policies.
Key Facts
- The Philippines' Bank Deposits to GDP ratio was 57.7% in 2021.
- The ratio has steadily increased over the past decade, indicating growing financial inclusion.
- High ratios are associated with a stable and developed banking system.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio for the Philippines 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 indicator provides insights into the development and stability of the Philippine financial system, serving as a proxy for financial intermediation and public confidence in the banking sector.
Q: How is this data collected or calculated?
A: The data is calculated by dividing the total value of bank deposits by the country's GDP, both measured in the local currency.
Q: How is this trend used in economic policy?
A: The Bank Deposits to GDP ratio is closely monitored by the Philippine central bank and other financial authorities to evaluate the effectiveness of monetary and financial policies.
Q: Are there update delays or limitations?
A: The data is published by the World Bank with a slight delay, but it provides a reliable and comprehensive measure of the Philippines' banking sector development.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Philippines (DDOI02PHA156NWDB), retrieved from FRED.