Financial System Deposits to GDP for Antigua and Barbuda
DDDI08AGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.11
Year-over-Year Change
10.10%
Date Range
1/1/1975 - 1/1/2021
Summary
The 'Financial System Deposits to GDP for Antigua and Barbuda' trend measures the value of deposits held by the financial system as a percentage of the country's Gross Domestic Product. This metric provides insight into the relative size and health of Antigua and Barbuda's banking and financial 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
This economic indicator represents the total value of deposits held by financial institutions, including banks and other deposit-taking corporations, in Antigua and Barbuda. It is used by economists and policymakers to assess the depth and stability of the country's financial system in relation to the overall economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts and balance sheet information.
Historical Context
This metric is relevant for understanding financial intermediation and the role of the banking sector in Antigua and Barbuda's economic development.
Key Facts
- Antigua and Barbuda's financial system deposits to GDP ratio was 58.8% in 2020.
- The ratio has fluctuated between 50-60% over the past decade.
- A higher ratio indicates a more developed financial sector in the country.
FAQs
Q: What does this economic trend measure?
A: The 'Financial System Deposits to GDP' trend measures the total value of deposits held by financial institutions in Antigua and Barbuda as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relative size and depth of Antigua and Barbuda's banking and financial sector, which is an important indicator of financial intermediation and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance sheet information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the role of the banking sector in Antigua and Barbuda's economic development and to inform financial sector policies.
Q: Are there update delays or limitations?
A: The data may have a delay of up to a year in availability due to the time required for national reporting and compilation by the World Bank.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Antigua and Barbuda (DDDI08AGA156NWDB), retrieved from FRED.