Deposit Money Bank Assets to GDP for Dominican Republic
DDDI02DOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.32
Year-over-Year Change
31.47%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the total assets of deposit money banks as a percentage of the gross domestic product (GDP) in the Dominican Republic. It provides insights into the size and importance of the banking sector relative to the overall 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 deposit money bank assets to GDP ratio is a key indicator of financial depth and intermediation in an economy. It reflects the size and role of the banking system in channeling funds from savers to borrowers and supporting economic growth.
Methodology
The data is collected by the World Bank from national sources and calculated as the total assets of deposit money banks divided by the country's GDP.
Historical Context
This trend is closely monitored by policymakers, regulators, and analysts to assess the development and stability of the financial sector.
Key Facts
- Deposit money bank assets account for over 40% of Dominican Republic's GDP.
- The ratio has steadily increased over the past decade, reflecting financial sector growth.
- The Dominican Republic has one of the highest banking asset-to-GDP ratios in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets of deposit money banks as a percentage of the gross domestic product (GDP) in the Dominican Republic. It provides insights into the size and importance of the banking sector relative to the overall economy.
Q: Why is this trend relevant for users or analysts?
A: The deposit money bank assets to GDP ratio is a key indicator of financial depth and intermediation, reflecting the size and role of the banking system in supporting economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and calculated as the total assets of deposit money banks divided by the country's GDP.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, regulators, and analysts to assess the development and stability of the financial sector, which is crucial for supporting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a lag of about one year, so the most recent figures may not reflect the current state of the banking sector.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Dominican Republic (DDDI02DOA156NWDB), retrieved from FRED.