Bank Deposits to GDP for Canada
DDOI02CAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.96
Year-over-Year Change
-20.46%
Date Range
1/1/2001 - 1/1/2008
Summary
The Bank Deposits to GDP ratio for Canada measures the total value of bank deposits relative to the country's gross domestic product. This indicator provides insights into the financial system's depth and the public's preference for holding liquid assets.
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 represents the total value of bank deposits, including demand, time, and savings deposits, as a percentage of Canada's GDP. This metric is used by economists and policymakers to assess the financial system's development, banking sector depth, and the public's liquidity preferences.
Methodology
The data is calculated by the World Bank using official sources and national accounts statistics.
Historical Context
Analysts and policymakers use this indicator to evaluate the financial intermediation, stability, and development of the Canadian economy.
Key Facts
- Canada's bank deposits to GDP ratio was 91.3% in 2021.
- The ratio has increased from 84.1% in 2011, indicating growing financial depth.
- High deposit levels suggest public confidence in the Canadian banking system.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio measures the total value of bank deposits, including demand, time, and savings deposits, as a percentage of Canada's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the financial system's depth and the public's preference for holding liquid assets, which are important for evaluating the stability and development of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official sources and national accounts statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to evaluate the financial intermediation, stability, and development of the Canadian economy.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions by the data source.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Canada (DDOI02CAA156NWDB), retrieved from FRED.