Financial system deposits to GDP in Venezuela
Venezuela: Financial system deposits to GDP was 62.5% in 2014. ▲ Rising
Financial system deposits to GDP in Venezuela, 1960–2014
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2014, financial system deposits to gdp in Venezuela stood at 62.5%.
The figure is up 28.7% on the previous year and up 255.4% over ten years.
Over the whole period, financial system deposits to gdp in Venezuela peaked at 67.7% in 1983 and was at its lowest, 13.5%, in 1962.
Venezuela ranks 84th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Financial system deposits to GDP in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 14.6% | — |
| 1961 | 14.4% | -1.0% |
| 1962 | 13.5% | -6.3% |
| 1963 | 15.4% | +13.7% |
| 1964 | 16.6% | +8.4% |
| 1965 | 16.6% | -0.3% |
| 1966 | 19.2% | +15.4% |
| 1967 | 21.1% | +10.1% |
| 1968 | 21.5% | +1.7% |
| 1969 | 25.0% | +16.5% |
| 1970 | 24.8% | -0.7% |
| 1971 | 28.5% | +14.8% |
| 1972 | 33.0% | +15.8% |
| 1973 | 36.1% | +9.4% |
| 1974 | 31.0% | -14.3% |
| 1975 | 41.2% | +33.0% |
| 1976 | 47.4% | +15.0% |
| 1977 | 52.0% | +9.8% |
| 1978 | 56.1% | +7.9% |
| 1979 | 50.7% | -9.6% |
| 1980 | 49.5% | -2.5% |
| 1981 | 52.2% | +5.5% |
| 1982 | 54.7% | +4.8% |
| 1983 | 67.7% | +23.8% |
| 1984 | 51.2% | -24.5% |
| 1985 | 50.0% | -2.3% |
| 1986 | 54.1% | +8.2% |
| 1987 | 43.3% | -20.0% |
| 1988 | 39.5% | -8.8% |
| 1989 | 34.1% | -13.5% |
| 1990 | 35.8% | +4.9% |
| 1991 | 39.8% | +11.2% |
| 1992 | 35.3% | -11.3% |
| 1993 | 33.0% | -6.6% |
| 1994 | 30.8% | -6.6% |
| 1995 | 26.0% | -15.7% |
| 1996 | 16.2% | -37.8% |
| 1997 | 18.4% | +14.0% |
| 1998 | 18.0% | -2.0% |
| 1999 | 18.1% | +0.3% |
| 2000 | 17.0% | -6.1% |
| 2001 | 16.2% | -4.4% |
| 2002 | 14.5% | -10.9% |
| 2003 | 19.0% | +31.2% |
| 2004 | 17.6% | -7.4% |
| 2005 | 19.5% | +10.9% |
| 2006 | 27.6% | +41.5% |
| 2007 | 28.0% | +1.3% |
| 2008 | 25.7% | -8.0% |
| 2009 | 31.0% | +20.5% |
| 2010 | 27.6% | -10.9% |
| 2011 | 32.0% | +16.0% |
| 2012 | 38.7% | +20.9% |
| 2013 | 48.5% | +25.4% |
| 2014 | 62.5% | +28.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.8% | 13.5% | 25.0% | 10 |
| 1970s | 40.1% | 24.8% | 56.1% | 10 |
| 1980s | 49.6% | 34.1% | 67.7% | 10 |
| 1990s | 27.1% | 16.2% | 39.8% | 10 |
| 2000s | 21.6% | 14.5% | 31.0% | 10 |
| 2010s | 41.9% | 27.6% | 62.5% | 5 |
Countries ranked near Venezuela
More financial sector data for Venezuela
- Total reserves in months of imports, annual growth rate 8.37 % change on previous year (2016)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2016)
- Total reserves in months of imports, per capita 0 units per person (2016)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -18.98 % change on previous year (2017)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0107 SDR per US$ of GDP (2017)
- Reserves excluding gold, foreign exchange (SDR), per capita 40.5 SDR per person (2017)
- Reserves excluding gold (SDR), annual growth rate -12.26 % change on previous year (2017)
- Reserves excluding gold (SDR), per capita 69.71 SDR per person (2017)
- Total reserves (gold at market value) (SDR), annual growth rate -8.91 % change on previous year (2017)
- Total reserves (gold at market value) (SDR), per capita 225 SDR per person (2017)
Frequently asked questions
- What is financial system deposits to gdp in Venezuela?
- Financial system deposits to gdp in Venezuela was 62.5% in 2014, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Venezuela?
- The highest recorded value was 67.7% in 1983.
- What is the lowest financial system deposits to gdp recorded in Venezuela?
- The lowest recorded value was 13.5% in 1962.
- How does Venezuela rank for financial system deposits to gdp?
- Venezuela ranks 84th out of 185 countries with data for 2014.
- Is financial system deposits to gdp rising or falling in Venezuela?
- Over the last ten years it is up 255.4%. The long-run trend across the full record is rising.
- Where does this Venezuela 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).