Financial System Deposits to GDP for Kyrgyzstan
DDDI08KGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.73
Year-over-Year Change
144.51%
Date Range
1/1/1995 - 1/1/2021
Summary
The Financial System Deposits to GDP for Kyrgyzstan measures the total value of deposits held in the country's financial system as a percentage of its gross domestic product. This metric provides insight into the depth and stability of Kyrgyzstan'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
The Financial System Deposits to GDP ratio indicates the overall size and development of a nation's banking and financial infrastructure relative to the broader economy. It is a key indicator used by economists and policymakers to assess financial sector depth and access to banking services.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics reported by Kyrgyzstan.
Historical Context
This metric helps inform monetary and financial sector policies aimed at fostering economic growth and financial inclusion.
Key Facts
- Kyrgyzstan's Financial System Deposits to GDP ratio was 26.78% in 2020.
- The ratio has increased from 17.47% in 2000, indicating financial sector growth.
- Kyrgyzstan's ratio is below the global average, suggesting potential for further financial deepening.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Kyrgyzstan 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 metric provides insight into the depth and development of Kyrgyzstan's financial sector, which is crucial for supporting economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics reported by the government of Kyrgyzstan.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform monetary and financial sector policies aimed at fostering economic development and improving access to banking services.
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 in the most recent figures.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Kyrgyzstan (DDDI08KGA156NWDB), retrieved from FRED.