Bank Deposits to GDP for Nicaragua
DDOI02NIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.13
Year-over-Year Change
15.33%
Date Range
1/1/1963 - 1/1/2021
Summary
The Bank Deposits to GDP ratio for Nicaragua measures the total value of bank deposits as a percentage of the country's gross domestic product. This metric provides insight into the size and importance of the banking sector in the Nicaraguan economy.
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 demand, time and saving deposits at domestic banks divided by the country's GDP. It indicates the level of financial intermediation and the banking sector's role in the economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
This metric is widely used by economists and policymakers to assess financial sector development and the overall stability of the Nicaraguan economy.
Key Facts
- Bank deposits were 58% of Nicaragua's GDP in 2021.
- This ratio has fluctuated between 50-60% over the past decade.
- Nicaragua has a developing banking sector compared to regional peers.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio measures the total value of bank deposits in Nicaragua as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and importance of the banking sector in the Nicaraguan economy, which is relevant for assessing financial sector development and economic stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate the level of financial intermediation and the overall stability of the Nicaraguan economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a short delay, and may have limitations in capturing informal banking activities.
Related Trends
Geographical Outreach: Number of Commercial Banks for Nicaragua
NICFCIODCNUM
Number of Identified Exporters to Nicaragua from New Mexico
NMNICA475SCEN
Number of Identified Exporters to Nicaragua from Arizona
AZNICA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Nicaragua
NICFCLOFMXDC
Value of Exports to Nicaragua from Wisconsin
WINICA052SCEN
Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for Nicaragua
NICFCSMXDC
Citation
U.S. Federal Reserve, Bank Deposits to GDP for Nicaragua (DDOI02NIA156NWDB), retrieved from FRED.