Bank deposits as a share of GDP fell 23.1% to 76.4% in Seychelles in 2015, according to the National Central Bank.
Historically, bank deposits as a share of GDP in Seychelles reached an all time high of 212% in 2008 and an all time low of 72.5% in 2009. When compared to Seychelles's main peers, bank deposits as a share of GDP in Comoros amounted to 32.4%, 19.2% in Madagascar, 48.0% in Maldives and 228% in Mauritius in 2015.
Seychelles has been ranked 44th within the group of 137 countries we follow in terms of bank deposits as a share of GDP, 23 places below the position seen 10 years ago.
Bank Deposits (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Comoros | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 32.4% | 37.2% | 40.5% | 20.9% | 21.1% | ... | ||||||
India | % | 66.4% | 69.8% | 65.8% | 63.5% | 65.8% | ||||||||||||||||
Indonesia | % | 35.3% | 36.4% | 36.2% | 35.6% | 35.3% | ||||||||||||||||
Kenya | % | 40.8% | 37.3% | 35.8% | 33.8% | 33.1% | ||||||||||||||||
Madagascar | % | ... | ... | ... | ... | 19.2% | 20.3% | 21.0% | 16.9% | 17.2% | ||||||||||||
Maldives | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 48.0% | 45.4% | 44.2% | 39.4% | 40.6% | |||||
Mauritius | % | ... | ... | ... | ... | 228% | 220% | 223% | 214% | 235% | ||||||||||||
Mozambique | % | ... | ... | ... | ... | 52.0% | 46.8% | 44.5% | 46.5% | 48.0% | ||||||||||||
Seychelles | % | ... | ... | ... | ... | 76.4% | 77.2% | 82.0% | 81.6% | 88.5% | ||||||||||||
Singapore | % | 116% | 122% | 196% | 193% | 199% | ... | ... | ||||||||||||||
South Africa | % | 77.5% | 74.2% | 71.9% | 74.0% | 43.8% | ... | |||||||||||||||
Sri Lanka | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 31.1% | 52.9% | 55.6% | 57.1% | 57.6% | ... | |||
Swaziland | % | ... | ... | ... | ... | 27.6% | 25.8% | 25.6% | 25.9% | 25.1% | ... | ... | ||||||||||
Tanzania | % | ... | ... | ... | ... | 21.5% | 17.9% | 17.1% | 16.2% | ... | ... | ... |