Deposit Money Bank Assets to GDP for Ecuador
DDDI02ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.80
Year-over-Year Change
122.04%
Date Range
1/1/1960 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP for Ecuador measures the size of the banking sector relative to the country's economic output. This metric is important for economists and policymakers to assess financial development and stability.
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 indicator represents the total assets held by deposit money banks, which include commercial banks and other financial institutions that accept deposits, as a percentage of Ecuador's gross domestic product. It provides insight into the role and scale of the banking system within the broader economy.
Methodology
The data is collected and reported by the World Bank based on information from national central banks and statistical agencies.
Historical Context
Policymakers use this metric to evaluate financial inclusion, the efficiency of credit allocation, and overall financial sector development.
Key Facts
- Ecuador's Deposit Money Bank Assets to GDP ratio was 34.4% in 2020.
- This indicator has trended upward in Ecuador over the past two decades.
- A higher ratio generally indicates a more developed financial system.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP for Ecuador measures the total assets held by deposit money banks 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 size and role of the banking sector within Ecuador's broader economy, which is important for assessing financial development and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information from Ecuador's central bank and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to evaluate financial inclusion, the efficiency of credit allocation, and overall financial sector development in Ecuador.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the World Bank and Ecuador's statistical agencies.
Related Trends
Net migration for Ecuador
SMPOPNETMECU
Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Ecuador
ECUFCLODUXDC
Number of Identified Exporters to Ecuador from Florida
FLECUA475SCEN
Outstanding International Public Debt Securities to GDP for Ecuador
DDDM06ECA156NWDB
Fiscal Year Gross Domestic Product for Ecuador
ECUNGDPFY
Number of Identified Exporters to Ecuador from West Virginia
WVECUA475SCEN
Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Ecuador (DDDI02ECA156NWDB), retrieved from FRED.