Bank deposits to GDP in Seychelles
Seychelles: Bank deposits to GDP was 112.5% in 2021. ▲ Rising
Bank deposits to GDP in Seychelles, 1971–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank deposits to gdp in Seychelles stood at 112.5%.
That represents a change of down 5.0% on the previous year and up 103.5% over ten years.
Over the whole period, bank deposits to gdp in Seychelles peaked at 118.4% in 2020 and was at its lowest, 21.7%, in 1979.
Seychelles ranks 20th of 185 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Bank deposits to GDP in Seychelles, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 27.3% | — |
| 1972 | 29.2% | +7.0% |
| 1973 | 26.4% | -9.5% |
| 1974 | 22.1% | -16.4% |
| 1975 | 25.6% | +15.7% |
| 1976 | 29.3% | +14.6% |
| 1977 | 24.7% | -15.6% |
| 1978 | 23.6% | -4.5% |
| 1979 | 21.7% | -8.2% |
| 1980 | 25.0% | +15.2% |
| 1981 | 24.1% | -3.7% |
| 1982 | 22.3% | -7.3% |
| 1983 | 23.6% | +5.6% |
| 1984 | 24.9% | +5.7% |
| 1985 | 26.1% | +4.8% |
| 1986 | 28.2% | +7.9% |
| 1987 | 28.6% | +1.6% |
| 1988 | 32.3% | +12.8% |
| 1989 | 34.4% | +6.6% |
| 1990 | 34.6% | +0.4% |
| 1991 | 38.5% | +11.5% |
| 1992 | 39.8% | +3.2% |
| 1993 | 45.1% | +13.4% |
| 1994 | 54.3% | +20.3% |
| 1995 | 63.6% | +17.2% |
| 1996 | 70.5% | +10.9% |
| 1997 | 72.3% | +2.6% |
| 1998 | 74.6% | +3.1% |
| 1999 | 85.1% | +14.2% |
| 2000 | 84.2% | -1.0% |
| 2001 | 88.4% | +5.0% |
| 2002 | 94.3% | +6.6% |
| 2003 | 100.1% | +6.2% |
| 2004 | 85.1% | -15.0% |
| 2005 | 80.5% | -5.4% |
| 2006 | 76.0% | -5.6% |
| 2007 | 59.8% | -21.4% |
| 2008 | 60.1% | +0.7% |
| 2009 | 51.2% | -14.9% |
| 2010 | 57.2% | +11.8% |
| 2011 | 55.3% | -3.3% |
| 2012 | 46.8% | -15.4% |
| 2013 | 53.6% | +14.6% |
| 2014 | 64.0% | +19.4% |
| 2015 | 61.3% | -4.2% |
| 2016 | 66.5% | +8.4% |
| 2017 | 70.8% | +6.5% |
| 2018 | 74.0% | +4.5% |
| 2019 | 82.1% | +11.0% |
| 2020 | 118.4% | +44.1% |
| 2021 | 112.5% | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.6% | 21.7% | 29.3% | 9 |
| 1980s | 27.0% | 22.3% | 34.4% | 10 |
| 1990s | 57.8% | 34.6% | 85.1% | 10 |
| 2000s | 78.0% | 51.2% | 100.1% | 10 |
| 2010s | 63.2% | 46.8% | 82.1% | 10 |
| 2020s | 115.4% | 112.5% | 118.4% | 2 |
Countries ranked near Seychelles
More financial sector data for Seychelles
- Total reserves in months of imports, annual growth rate 15.78 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 18.56 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.26 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 4,775 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 16.57 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 4,889 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 16.57 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 4,889 SDR per person (2024)
Frequently asked questions
- What is bank deposits to gdp in Seychelles?
- Bank deposits to gdp in Seychelles was 112.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Seychelles?
- The highest recorded value was 118.4% in 2020.
- What is the lowest bank deposits to gdp recorded in Seychelles?
- The lowest recorded value was 21.7% in 1979.
- How does Seychelles rank for bank deposits to gdp?
- Seychelles ranks 20th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Seychelles?
- Over the last ten years it is up 103.5%. The long-run trend across the full record is rising.
- Where does this Seychelles data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).