Deposit Money Bank Assets to GDP for Ireland
DDDI02IEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.99
Year-over-Year Change
-81.71%
Date Range
1/1/1960 - 1/1/2021
Summary
The Deposit Money Bank Assets to GDP ratio measures the size of a country's banking sector relative to its overall economic output. It is a key indicator of financial sector 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 series represents the total assets held by deposit money banks, including central banks, as a percentage of the country's gross domestic product. It provides insight into the scale and importance of the banking industry within the broader economy.
Methodology
The data is collected and calculated by the World Bank using information reported by central banks and national statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess the financial depth and intermediation in a country, which can inform decisions around financial regulation and development strategies.
Key Facts
- Ireland's deposit money bank assets-to-GDP ratio was 336% in 2020.
- The ratio peaked at 615% in 2008 prior to the global financial crisis.
- A high ratio can indicate an oversized banking sector relative to the real economy.
FAQs
Q: What does this economic trend measure?
A: The Deposit Money Bank Assets to GDP ratio measures the total assets held by deposit-taking banks in a country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and importance of the banking sector within a country's broader economy, which is useful for assessing financial development and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information reported by central banks and national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial depth and intermediation in a country, which can inform decisions around financial regulation and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Ireland (DDDI02IEA156NWDB), retrieved from FRED.