THE RELATIONSHIP BETWEEN GDP, DEPOSITS AND LOANS
DOI:
https://doi.org/10.5281/zenodo.22269284Abstract
The relationship between gross domestic product (GDP) and deposits and loans of commercial
banks in the Republic of Uzbekistan is examined. Financial intermediation is considered an important factor
contributing to economic growth by facilitating the transformation of savings into investment. Using statistical
data for 2020–2025, the dynamics of these indicators are analyzed, and correlation analysis is conducted
to quantitatively assess the strength of the relationships among GDP, deposits, and loans. Based on the
Pearson correlation coefficient, a very strong positive relationship (r > 0.99) is identified among the indicators
under consideration, with statistical significance at the 1% level. The findings demonstrate that growth in bank
deposits and loans is closely associated with GDP growth, highlighting the significant role of the banking
system in economic development. Conclusions are formulated regarding the need for further development of
financial intermediation to support sustainable economic growth.
Keywords
GDP, gross domestic product, deposits, loans, commercial banks, correlation, Pearson correlation coefficient, financial intermediation, economic growth, regression, banking system, investment, Republic of Uzbekistan.References
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