Bank Deposits to GDP for Norway
DDOI02NOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.30
Year-over-Year Change
22.79%
Date Range
1/1/1960 - 1/1/2021
Summary
The Bank Deposits to GDP ratio measures the total value of bank deposits held by the public as a percentage of a country's gross domestic product. This important indicator provides insights into the depth and stability of a nation's financial 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 reflects the size of a country's banking system relative to its overall economic output. It is used by economists and policymakers to assess financial intermediation, liquidity, and the mobilization of savings within an economy.
Methodology
The data is collected by the World Bank and calculated as the value of bank deposits divided by GDP.
Historical Context
Monitoring this trend helps inform decisions around financial regulation, monetary policy, and economic development strategies.
Key Facts
- Norway's Bank Deposits to GDP ratio was 58.8% in 2020.
- The ratio has fluctuated between 45-60% over the past decade.
- High ratios indicate a well-developed banking system and high levels of financial intermediation.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio measures the total value of bank deposits held by the public as a percentage of a country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and stability of a nation's financial system, which is important for assessing financial intermediation, liquidity, and the mobilization of savings.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank and calculated as the value of bank deposits divided by GDP.
Q: How is this trend used in economic policy?
A: Monitoring the Bank Deposits to GDP ratio helps inform decisions around financial regulation, monetary policy, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, typically 1-2 years.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Norway (DDOI02NOA156NWDB), retrieved from FRED.