Bank Deposits to GDP for the Plurinational State of Bolivia
DDOI02BOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.91
Year-over-Year Change
65.30%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of total bank deposits to gross domestic product (GDP) in Bolivia. It provides insights into the depth and development of the country'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 bank deposits to GDP ratio is a key indicator of financial intermediation and the relative size of the banking system within the broader economy. It reflects the extent to which the public holds its savings in the formal banking system.
Methodology
The data is calculated by the World Bank using national account and banking data reported by the Central Bank of Bolivia.
Historical Context
This metric is widely used by economists and policymakers to assess financial inclusion and the soundness of the banking system.
Key Facts
- Bolivia's bank deposits to GDP ratio was 56.5% in 2020.
- The ratio has increased from 34.7% in 2010, indicating financial deepening.
- A higher ratio suggests greater financial intermediation and access to banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of total bank deposits to gross domestic product (GDP) in Bolivia, providing insights into the depth and development of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: The bank deposits to GDP ratio is a key indicator of financial intermediation and the soundness of the banking system, which is important for assessing financial inclusion and economic stability.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national account and banking data reported by the Central Bank of Bolivia.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists and policymakers to evaluate the development and efficiency of the financial sector, and to inform policies aimed at promoting financial inclusion and stability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the reporting agencies.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for the Plurinational State of Bolivia (DDOI02BOA156NWDB), retrieved from FRED.