Bank Deposits to GDP for Syrian Arab Republic
DDOI02SYA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.44
Year-over-Year Change
8.81%
Date Range
1/1/1960 - 1/1/2011
Summary
The Bank Deposits to GDP ratio measures the total value of bank deposits held by the public relative to the size of the country's economy. This metric provides insights into the level of financial intermediation and the public's trust in the banking 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 is an important indicator of the depth and stability of a country's financial sector. It reflects the public's willingness to hold their savings in the formal banking system rather than alternative forms of storage or investment.
Methodology
The data is calculated by the World Bank using national-level statistics on bank deposits and GDP.
Historical Context
Policymakers and economists use this metric to assess the development and health of a country's financial system.
Key Facts
- Bank deposits in Syria were 30.8% of GDP in 2020.
- The ratio has declined from a peak of 45.2% in 2010.
- Low deposit levels can indicate limited trust in the banking system.
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 relative to the size of the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and the public's trust in the banking system, which are important indicators of financial sector development and stability.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national-level statistics on bank deposits and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the development and health of a country's financial system, which is crucial for supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current state of the banking system.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Syrian Arab Republic (DDOI02SYA156NWDB), retrieved from FRED.