Financial System Deposits to GDP for Sri Lanka
DDDI08LKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.71
Year-over-Year Change
70.01%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Financial System Deposits to GDP for Sri Lanka' measures the total value of deposits held in the country's financial system as a percentage of its gross domestic product. This indicator provides insight into the overall size and importance of the banking and financial sector within the Sri Lankan 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
This economic trend represents the total value of deposits (including both transferable deposits and other deposits) held by households and firms in Sri Lanka's financial institutions, expressed as a percentage of the country's GDP. It is a key measure of financial depth and intermediation, reflecting the role of the banking system in mobilizing savings and channeling funds to productive investment.
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 level of financial development and the strength of the banking system in supporting economic growth.
Key Facts
- The Financial System Deposits to GDP ratio in Sri Lanka was 54.04% in 2020.
- This indicator has steadily increased from 33.61% in 2000, reflecting the growing role of the financial sector.
- Sri Lanka's ratio is higher than the South Asia regional average of 48.76% in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Financial System Deposits to GDP for Sri Lanka' measures the total value of deposits held in the country's financial system as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall size and importance of the banking and financial sector within the Sri Lankan economy, which is relevant for assessing financial depth and the strength of the financial system in supporting economic growth.
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 level of financial development and the strength of the banking system in supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a one-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Sri Lanka (DDDI08LKA156NWDB), retrieved from FRED.