Financial System Deposits to GDP for Singapore
DDDI08SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.20
Year-over-Year Change
21.78%
Date Range
1/1/1963 - 1/1/2020
Summary
The Financial System Deposits to GDP for Singapore measures the total value of deposits held in the country's financial system as a percentage of its gross domestic product (GDP). This metric provides insights into the size and development of Singapore's banking and financial sectors.
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 tracks the total value of deposits held in commercial banks, central banks, and other financial institutions in Singapore, expressed as a percentage of the country's GDP. This indicator offers insights into the depth and breadth of the financial system, as well as its intermediation capacity.
Methodology
The data is compiled by the World Bank using information from national statistical agencies and central banks.
Historical Context
Policymakers and analysts use this metric to assess the financial sector's contribution to economic growth and development in Singapore.
Key Facts
- Singapore has one of the highest Financial System Deposits to GDP ratios globally.
- The ratio has remained above 100% since the early 2000s, indicating a large and mature financial sector.
- The financial sector is a major contributor to Singapore's economic growth and development.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Singapore 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 metric provides insights into the size, depth, and intermediation capacity of Singapore's financial sector, which is a key driver of the country's economic growth and development.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using information from national statistical agencies and central banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial sector's contribution to economic growth and development in Singapore.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of 1-2 years.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Singapore (DDDI08SGA156NWDB), retrieved from FRED.