Financial System Deposits to GDP for Saint Vincent and the Grenadines
DDDI08VCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.06
Year-over-Year Change
17.21%
Date Range
1/1/1975 - 1/1/2021
Summary
The 'Financial System Deposits to GDP for Saint Vincent and the Grenadines' measures the total value of deposits held by financial institutions as a percentage of the country's gross domestic product. This provides insight into the size and depth of the financial system relative to the 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
This economic indicator represents the level of financial intermediation in Saint Vincent and the Grenadines. It is used by policymakers and analysts to assess the development and stability of the nation's financial sector and its integration with the broader economy.
Methodology
The data is collected and calculated by the World Bank based on reports from national central banks and financial regulators.
Historical Context
This metric is closely watched by international financial institutions to monitor financial sector progress and risk in developing economies.
Key Facts
- Saint Vincent and the Grenadines' financial system deposits were 57.7% of GDP in 2020.
- The deposits-to-GDP ratio has increased from 48.4% in 2010 to 57.7% in 2020.
- This indicator provides insight into the relative size and depth of the nation's financial sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of deposits held by financial institutions in Saint Vincent and the Grenadines as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and development of the financial sector relative to the overall economy, which is important for assessing financial system stability and the degree of financial intermediation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from the central bank and financial regulators in Saint Vincent and the Grenadines.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by international financial institutions to assess financial sector progress and risks in developing economies like Saint Vincent and the Grenadines.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, so it may not reflect the most recent changes in the financial system.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Saint Vincent and the Grenadines (DDDI08VCA156NWDB), retrieved from FRED.