Financial System Deposits to GDP for Dominica
DDDI08DMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.71
Year-over-Year Change
36.35%
Date Range
1/1/1975 - 1/1/2020
Summary
The Financial System Deposits to GDP for Dominica measures the ratio of total deposits held in the country's financial system to its gross domestic product. This indicator provides insights into the size and depth of the domestic financial 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 Financial System Deposits to GDP ratio represents the total value of deposits, including demand, time, and saving deposits, held by commercial banks and other financial institutions as a percentage of Dominica's GDP. This metric is used to assess the financial intermediation and stability of the country's banking system.
Methodology
The data is collected and calculated by the World Bank using national accounts and financial sector data.
Historical Context
Policymakers and analysts use this indicator to evaluate financial sector development and the mobilization of domestic savings.
Key Facts
- Dominica's Financial System Deposits to GDP ratio was 61.7% in 2020.
- The ratio has increased from 49.4% in 2010, indicating growth in the country's financial intermediation.
- Dominica's ratio is higher than the regional average for Latin America and the Caribbean.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Dominica measures the total value of deposits held in the country's financial institutions as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and depth of Dominica's financial sector relative to the overall economy, which is useful for evaluating financial intermediation and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial sector development and the mobilization of domestic savings in Dominica.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, as it is collected from national sources and compiled by the World Bank.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Dominica (DDDI08DMA156NWDB), retrieved from FRED.