Bank Deposits to GDP for Estonia
DDOI02EEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.51
Year-over-Year Change
36.70%
Date Range
1/1/1995 - 1/1/2021
Summary
The 'Bank Deposits to GDP for Estonia' trend measures the ratio of bank deposits to the country's gross domestic product, providing insights into the relative size and importance of the banking 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
This economic indicator tracks the level of financial intermediation in Estonia's economy, reflecting the public's confidence in the banking system and the overall depth of financial markets.
Methodology
The data is collected and calculated by the World Bank using national accounts and financial sector data.
Historical Context
This trend is closely monitored by policymakers, financial analysts, and investors to assess Estonia's financial stability and economic development.
Key Facts
- Estonia's bank deposits to GDP ratio was 74.4% in 2020.
- This indicator has trended upwards over the past decade, reflecting financial deepening.
- The ratio is higher than the Eurozone average, indicating a relatively large banking sector.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP' trend measures the ratio of total bank deposits to the country's gross domestic product, providing insights into the size and importance of the banking sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by policymakers, investors, and economists as it reflects the level of financial intermediation and public confidence in the banking system, which are important for economic stability and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Estonia's financial stability, the depth of its financial markets, and the potential for further economic development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in reporting. There may be limitations in cross-country comparisons due to differences in banking sector regulations and reporting practices.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Estonia (DDOI02EEA156NWDB), retrieved from FRED.