Bank Deposits to GDP for Singapore
DDOI02SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.14
Year-over-Year Change
22.98%
Date Range
1/1/1963 - 1/1/2020
Summary
The Bank Deposits to GDP ratio for Singapore measures the total value of bank deposits as a percentage of the country's gross domestic product. This important metric provides insight into the relative size and health of Singapore'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 represents the total value of deposit liabilities held by banks and other depository corporations, divided by the country's GDP. It indicates the banking system's size compared to the overall economy and can signal financial stability or vulnerabilities.
Methodology
The data is collected and calculated by the World Bank using official sources from the Monetary Authority of Singapore and national accounts.
Historical Context
Policymakers and analysts monitor this ratio to assess the intermediation capacity of Singapore's financial system and its role in economic growth.
Key Facts
- Singapore has one of the highest bank deposits to GDP ratios globally.
- The ratio has remained above 100% since the early 2000s, indicating a large banking sector.
- High levels of bank deposits are linked to Singapore's status as a major international financial center.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio for Singapore 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 ratio provides insight into the relative size and health of Singapore's banking sector, which is an important indicator of financial stability and the economy's intermediation capacity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official sources from the Monetary Authority of Singapore and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this ratio to assess the intermediation capacity of Singapore's financial system and its role in economic growth.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Singapore (DDOI02SGA156NWDB), retrieved from FRED.