Financial System Deposits to GDP for Fiji
DDDI08FJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.86
Year-over-Year Change
76.59%
Date Range
1/1/1961 - 1/1/2021
Summary
The Financial System Deposits to GDP for Fiji measures the total value of deposits held by financial institutions as a percentage of the country's gross domestic product. This metric provides insights into the size and development of Fiji's financial system relative to its 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 is a key indicator of financial deepening and intermediation. It reflects the extent to which savings and investments are channeled through formal financial institutions in Fiji, which is an important factor for economic growth and stability.
Methodology
The data is collected and calculated by the World Bank using official sources from Fiji's central bank and national accounts.
Historical Context
Policymakers and analysts use this metric to assess the strength and inclusiveness of Fiji's financial sector and its ability to mobilize domestic resources for investment.
Key Facts
- Fiji's Financial System Deposits to GDP ratio was 59.5% in 2020.
- The ratio has increased from 46.5% in 2000, indicating financial sector growth.
- Fiji's ratio is higher than the global average of 53.9% as of 2020.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Fiji measures the total value of deposits held by financial institutions in the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and development of Fiji's financial system relative to its overall economy, which is an important factor for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official sources from Fiji's central bank and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength and inclusiveness of Fiji's financial sector and its ability to mobilize domestic resources for investment.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions by the data source.
Related Trends
Use of Financial Services: Number of Loan Accounts at Commercial Banks for Fiji
FJIFCNODCNUM
Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Fiji
FJIFCNODCHANUM
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Fiji
FJIFCAKNUM
Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Fiji
FJIFCAODCHNUM
Number of Identified Exporters to Fiji from Georgia
GAFJIA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Fiji
FJIFCLOFIXDC
Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Fiji (DDDI08FJA156NWDB), retrieved from FRED.