Financial System Deposits to GDP for Hong Kong SAR, China
DDDI08HKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
402.94
Year-over-Year Change
28.84%
Date Range
1/1/1991 - 1/1/2021
Summary
The 'Financial System Deposits to GDP' metric measures the ratio of total deposits held in a country's financial system to its gross domestic product (GDP). This indicator provides insights into the depth and development of a nation's financial sector.
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 metric represents the size of a country's financial system deposits relative to the overall economy. It is a key indicator of financial intermediation and can signal the level of public trust and confidence in the banking system.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this indicator to assess the financial sector's role in economic growth and development.
Key Facts
- Hong Kong's financial system deposits were 462% of its GDP in 2020.
- This ratio has steadily increased from around 330% in the early 2000s.
- Hong Kong has one of the highest deposit-to-GDP ratios globally, reflecting its status as a major international financial center.
FAQs
Q: What does this economic trend measure?
A: This metric measures the size of a country's financial system deposits relative to its gross domestic product (GDP). It provides insights into the depth and development of the nation's financial sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding the role of the financial system in economic growth and development. It signals the level of public trust and confidence in the banking sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the financial sector's contribution to the overall economy and inform policies aimed at promoting financial intermediation and economic development.
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. The availability and quality of the underlying national data may vary across countries.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Hong Kong SAR, China (DDDI08HKA156NWDB), retrieved from FRED.