Bank Deposits to GDP for Fiji
DDOI02FJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.86
Year-over-Year Change
76.59%
Date Range
1/1/1961 - 1/1/2021
Summary
The Bank Deposits to GDP for Fiji is an economic indicator that measures the total value of bank deposits as a percentage of the country's Gross Domestic Product (GDP). This metric provides insights into the financial depth and stability of Fiji's banking system.
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 measure of financial inclusion and the development of the banking sector. It reflects the degree to which the public utilizes banking services and the overall soundness of the financial system in Fiji.
Methodology
The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Historical Context
This trend is closely monitored by policymakers, regulators, and analysts to assess the health and growth of Fiji's financial sector.
Key Facts
- Fiji's Bank Deposits to GDP ratio was 72.31% in 2021.
- The ratio has steadily increased over the past decade, indicating growing financial inclusion.
- Fiji's banking sector is dominated by a few large commercial banks.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for Fiji measures the total value of bank deposits 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 insights into the financial depth and stability of Fiji's banking system, which is important for assessing financial inclusion and the overall development of the financial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and analysts closely monitor this trend to assess the health and growth of Fiji's financial sector, which is crucial for supporting economic development and financial stability.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting due to the time required to collect and process the information.
Related Trends
Geographical Outreach: Number of Institutions, Other Financial Corporations for Fiji
FJIFCIOFNUM
Use of Financial Services Deposit Accounts: Accounts at Other Financial Corporations for Fiji
FJIFCAOFNUM
Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Fiji
FJIFCIODMFNUM
Number of Identified Exporters to Fiji from Kentucky
KYFJIA475SCEN
U.S. Imports of Goods by Customs Basis from Fiji
IMP6863
Number of Identified Exporters to Fiji from New Hampshire
NHFJIA475SCEN
Citation
U.S. Federal Reserve, Bank Deposits to GDP for Fiji (DDOI02FJA156NWDB), retrieved from FRED.