Non-Bank Financial Institutions' Assets to GDP for Ecuador
DDDI03ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.99
Year-over-Year Change
69.47%
Date Range
1/1/1998 - 1/1/2021
Summary
This trend measures the ratio of non-bank financial institutions' assets to Ecuador's GDP, providing insight into the relative size and importance of the non-bank financial sector in the country's 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 non-bank financial institutions' assets to GDP ratio is an economic indicator that tracks the scale of Ecuador's financial system outside of traditional banking. It offers a broader view of financial intermediation and can signal the development of the country's capital markets and non-bank financial institutions.
Methodology
The data is calculated by the World Bank using financial accounts and GDP statistics.
Historical Context
This metric is used by economists and policymakers to assess the depth and evolution of Ecuador's financial system.
Key Facts
- Ecuador's non-bank financial assets were 42.9% of GDP in 2020.
- The ratio has increased from 29.9% in 2000, indicating growth in the non-bank sector.
- Ecuador's non-bank financial assets are lower than the Latin American average of 54.8%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of non-bank financial institutions' assets to Ecuador's GDP, providing insight into the relative size and importance of the non-bank financial sector in the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the depth and evolution of Ecuador's financial system, offering a broader view of financial intermediation beyond traditional banking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using financial accounts and GDP statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the development of Ecuador's capital markets and non-bank financial institutions, which can inform financial sector policies and regulations.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of 1-2 years.
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Citation
U.S. Federal Reserve, Non-Bank Financial Institutions' Assets to GDP for Ecuador (DDDI03ECA156NWDB), retrieved from FRED.