Bank Deposits to GDP for Solomon Islands
DDOI02SBA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.87
Year-over-Year Change
41.10%
Date Range
1/1/1978 - 1/1/2021
Summary
The Bank Deposits to GDP indicator measures the value of bank deposits as a percentage of a country's Gross Domestic Product. This metric provides insights into the financial depth and banking sector development of an 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 represents the total value of bank deposits held by the public divided by the country's GDP. It is a key indicator of financial intermediation and the size of the banking sector relative to the overall economy.
Methodology
This data is collected by the World Bank from national sources and compiled into the World Development Indicators database.
Historical Context
Policymakers and analysts use this metric to assess financial sector development and the degree of financial inclusion within an economy.
Key Facts
- Bank deposits in Solomon Islands were 37.6% of GDP in 2020.
- The bank deposits to GDP ratio has increased from 25.3% in 2000 to 37.6% in 2020.
- Solomon Islands has a relatively small but growing banking sector compared to the overall economy.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP indicator 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 insights into the depth and development of a country's financial sector and the degree of financial intermediation within the economy.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and compiled into the World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial sector development and the level of financial inclusion within an economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by national statistical agencies.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Solomon Islands (DDOI02SBA156NWDB), retrieved from FRED.