Financial system deposits to GDP in Sri Lanka
Sri Lanka: Financial system deposits to GDP was 59.7% in 2019. ▲ Rising
Financial system deposits to GDP in Sri Lanka, 1960–2019
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Sri Lanka recorded 59.7% for financial system deposits to gdp in 2019. That is the highest value across all 60 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 77.7% over ten years.
Over the whole period, financial system deposits to gdp in Sri Lanka peaked at 59.7% in 2019 and was at its lowest, 11.6%, in 1975.
Sri Lanka ranks 88th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Financial system deposits to GDP in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 14.2% | — |
| 1961 | 13.5% | -4.8% |
| 1962 | 14.5% | +7.7% |
| 1963 | 15.2% | +4.3% |
| 1964 | 16.2% | +6.8% |
| 1965 | 16.6% | +2.3% |
| 1966 | 15.8% | -4.9% |
| 1967 | 16.2% | +2.5% |
| 1968 | 14.8% | -8.2% |
| 1969 | 14.7% | -1.2% |
| 1970 | 15.5% | +5.7% |
| 1971 | 16.1% | +3.8% |
| 1972 | 17.7% | +10.0% |
| 1973 | 14.4% | -18.6% |
| 1974 | 12.5% | -13.5% |
| 1975 | 11.6% | -6.6% |
| 1976 | 13.8% | +18.3% |
| 1977 | 16.0% | +16.4% |
| 1978 | 19.4% | +21.3% |
| 1979 | 23.9% | +23.1% |
| 1980 | 25.2% | +5.4% |
| 1981 | 24.0% | -4.8% |
| 1982 | 25.6% | +6.9% |
| 1983 | 25.4% | -1.0% |
| 1984 | 23.2% | -8.6% |
| 1985 | 24.4% | +5.0% |
| 1986 | 22.5% | -7.5% |
| 1987 | 23.4% | +3.6% |
| 1988 | 23.0% | -1.7% |
| 1989 | 22.0% | -4.1% |
| 1990 | 21.1% | -4.1% |
| 1991 | 22.9% | +8.4% |
| 1992 | 24.1% | +5.4% |
| 1993 | 25.6% | +6.3% |
| 1994 | 26.4% | +2.9% |
| 1995 | 32.5% | +23.4% |
| 1996 | 32.0% | -1.5% |
| 1997 | 32.3% | +1.0% |
| 1998 | 32.0% | -1.0% |
| 1999 | 33.4% | +4.4% |
| 2000 | 33.5% | +0.0% |
| 2001 | 34.4% | +2.7% |
| 2002 | 34.6% | +0.7% |
| 2003 | 34.7% | +0.3% |
| 2004 | 36.3% | +4.6% |
| 2005 | 37.0% | +2.0% |
| 2006 | 36.4% | -1.7% |
| 2007 | 35.1% | -3.5% |
| 2008 | 31.0% | -11.7% |
| 2009 | 33.6% | +8.3% |
| 2010 | 29.2% | -13.0% |
| 2011 | 31.2% | +6.6% |
| 2012 | 30.7% | -1.6% |
| 2013 | 32.9% | +7.2% |
| 2014 | 34.2% | +4.1% |
| 2015 | 38.2% | +11.5% |
| 2016 | 51.8% | +35.8% |
| 2017 | 55.3% | +6.8% |
| 2018 | 57.7% | +4.3% |
| 2019 | 59.7% | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.2% | 13.5% | 16.6% | 10 |
| 1970s | 16.1% | 11.6% | 23.9% | 10 |
| 1980s | 23.9% | 22.0% | 25.6% | 10 |
| 1990s | 28.2% | 21.1% | 33.4% | 10 |
| 2000s | 34.7% | 31.0% | 37.0% | 10 |
| 2010s | 42.1% | 29.2% | 59.7% | 10 |
Countries ranked near Sri Lanka
More financial sector data for Sri Lanka
- Net domestic credit (current LCU), per capita 536,545 current LCU per person (2019)
- Net domestic credit (current LCU), per unit of GDP 131.44 current LCU per US$ of GDP (2019)
- Net domestic credit (current LCU), annual growth rate 8.91 % change on previous year (2019)
- Gold reserves at 35 SDRs per ounce 528,500 SDR (2024)
- Gold reserves at market value 30.21 million SDR (2024)
- Reserves excluding gold, foreign exchange 4.64 billion SDR (2024)
- Reserves excluding gold 4.64 billion SDR (2024)
- Total reserves (gold at market value) 4.67 billion SDR (2024)
- Total reserves (gold at national valuation) 4.67 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 213.23 SDR per person (2024)
Frequently asked questions
- What is financial system deposits to gdp in Sri Lanka?
- Financial system deposits to gdp in Sri Lanka was 59.7% in 2019, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Sri Lanka?
- The highest recorded value was 59.7% in 2019.
- What is the lowest financial system deposits to gdp recorded in Sri Lanka?
- The lowest recorded value was 11.6% in 1975.
- How does Sri Lanka rank for financial system deposits to gdp?
- Sri Lanka ranks 88th out of 185 countries with data for 2019.
- Is financial system deposits to gdp rising or falling in Sri Lanka?
- Over the last ten years it is up 77.7%. The long-run trend across the full record is rising.
- Where does this Sri Lanka data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions 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. Financial system deposits (IFS lines 24, 25, 44, and 45); 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).