Bank Deposits to GDP for Saint Kitts and Nevis
DDOI02KNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.78
Year-over-Year Change
2.75%
Date Range
1/1/1979 - 1/1/2021
Summary
The Bank Deposits to GDP ratio for Saint Kitts and Nevis measures the total value of bank deposits as a percentage of the country's gross domestic product. This metric provides insights into the development and stability of the nation's 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
The Bank Deposits to GDP ratio is a widely used indicator of financial sector depth and development. It reflects the size of the banking system relative to the overall economy, offering insights into financial intermediation and the potential for banks to mobilize savings and allocate credit.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength and resilience of the financial system and its ability to support economic growth.
Key Facts
- Saint Kitts and Nevis had a Bank Deposits to GDP ratio of 102.75% in 2020.
- The ratio has increased from 84.23% in 2010, indicating financial sector growth.
- A high ratio suggests a well-developed banking system with strong deposit mobilization.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio for Saint Kitts and Nevis measures the total value of bank deposits as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the development and stability of the nation's banking sector, which is important for assessing financial intermediation and the potential for economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength and resilience of the financial system and its ability to support economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank's national accounts and balance of payments statistics.
Related Trends
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Ease of doing business index for St. Kitts and Nevis
ICBUSEASEXQKNA
Number of Identified Exporters to Saint Kitts and Nevis from Georgia
GAKNAA475SCEN
Consumer Price Index for Saint Kitts and Nevis
DDOE02KNA086NWDB
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for St. Kitts and Nevis
SKNFCBODDNUM
Purchasing Power Parity, Share of World for St. Vincent and the Grenadines
SVGPPPSH
Citation
U.S. Federal Reserve, Bank Deposits to GDP for Saint Kitts and Nevis (DDOI02KNA156NWDB), retrieved from FRED.