Bank Deposits to GDP for Saudi Arabia
DDOI02SAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.75
Year-over-Year Change
116.48%
Date Range
1/1/1968 - 1/1/2017
Summary
This economic trend measures the ratio of bank deposits to GDP in Saudi Arabia, providing insight into the size and relative importance of the country'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
The bank deposits to GDP ratio is a key indicator of financial intermediation and the depth of the banking system in an economy. It reflects the extent to which the public is holding its savings in the form of bank deposits, which is relevant for policymakers and analysts studying the development of Saudi Arabia's financial sector.
Methodology
The data is collected and calculated by the World Bank based on national accounts and banking sector statistics.
Historical Context
This indicator is used to assess the financial development and stability of the Saudi Arabian economy.
Key Facts
- Saudi Arabia's bank deposits to GDP ratio was 57.4% in 2020.
- The ratio has increased from 44.5% in 2000, indicating growth in the banking sector.
- High ratios are generally associated with more developed financial systems.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of total bank deposits to the gross domestic product (GDP) in Saudi Arabia, providing insight into the size and importance of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: The bank deposits to GDP ratio is a key indicator of financial intermediation and the depth of the banking system, which is relevant for assessing the development and stability of the Saudi Arabian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on 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 development and stability of the Saudi Arabian economy, which can inform policies related to the banking sector and financial markets.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a delay of up to two years in the most recent data being available.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Saudi Arabia (DDOI02SAA156NWDB), retrieved from FRED.