Bank Deposits to GDP for Hong Kong SAR, China
DDOI02HKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
402.94
Year-over-Year Change
28.84%
Date Range
1/1/1991 - 1/1/2021
Summary
The Bank Deposits to GDP ratio measures the size of a country's bank deposits relative to its gross domestic product. This metric is a key indicator of financial sector development and stability.
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 as a percentage of the country's GDP. This statistic provides insight into the depth and breadth of a nation's banking system and can signal financial sector maturity.
Methodology
This ratio is calculated by dividing total bank deposits by gross domestic product, both measured in the same currency.
Historical Context
Policymakers and economists monitor this indicator to assess financial sector development and the potential for bank-based financing of economic growth.
Key Facts
- Hong Kong's bank deposits were 493% of GDP in 2020.
- This ratio has steadily increased from 375% in 2000.
- Hong Kong has one of the highest bank deposit to GDP ratios globally.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio measures the total value of bank deposits as a percentage of a country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and development of a nation's financial sector, which is a key driver of economic growth and stability.
Q: How is this data collected or calculated?
A: The ratio is calculated by dividing total bank deposits by gross domestic product, both measured in the same currency.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess financial sector development and the potential for bank-based financing of economic growth.
Q: Are there update delays or limitations?
A: Data for this metric is published regularly by the World Bank, with typical update lags of 1-2 years.
Related Trends
Loans from Non-Resident Banks, Net, to GDP for Hong Kong SAR, China
DDOI08HKA156NWDB
Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Hong Kong SAR
QHKPBM770A
Volatility of Stock Price Index for Hong Kong SAR, China
DDSM01HKA066NWDB
Value of Exports to Hong Kong from Idaho
IDHKGA052SCEN
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Hong Kong SAR, China
BARTERICMP25UPZSHKG
Constant GDP per capita for Hong Kong SAR, China
NYGDPPCAPKDHKG
Citation
U.S. Federal Reserve, Bank Deposits to GDP for Hong Kong SAR, China (DDOI02HKA156NWDB), retrieved from FRED.