Bank Deposits to GDP for El Salvador
DDOI02SVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.60
Year-over-Year Change
10.47%
Date Range
1/1/1965 - 1/1/2021
Summary
The Bank Deposits to GDP for El Salvador measures the ratio of bank deposits to the country's gross domestic product, providing insight into the size and relative importance of the 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
This economic indicator represents the total value of bank deposits held by individuals and businesses in El Salvador, expressed as a percentage of the country's total economic output. It is used by economists and policymakers to assess the depth and development of the financial system.
Methodology
The data is collected by the World Bank from national sources and calculated as the ratio of bank deposits to GDP.
Historical Context
This metric is relevant for understanding financial inclusion, banking sector stability, and the overall strength of El Salvador's economy.
Key Facts
- El Salvador's Bank Deposits to GDP ratio was 52.6% in 2020.
- The ratio has increased from 37.4% in 2000, indicating growth in the banking sector.
- Higher ratios are associated with more developed financial systems and greater economic stability.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP for El Salvador measures the total value of bank deposits held in the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and development of El Salvador's banking sector, which is crucial for understanding financial inclusion, stability, and the overall strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and calculated as the ratio of total bank deposits to the country's GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the depth and development of El Salvador's financial system, which informs decisions related to financial inclusion, banking regulations, and overall economic policy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years for the most recent figures.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for El Salvador (DDOI02SVA156NWDB), retrieved from FRED.