Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Albania
ALBFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,225,570,495,987.42
Year-over-Year Change
45.22%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Albania. It provides insights into the use of financial services and the liquidity of household assets in the Albanian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Albania series tracks the total value of deposits held by Albanian households at commercial banks. This metric reflects the level of household savings, financial inclusion, and overall stability of the banking system.
Methodology
The data is collected and reported by the Central Bank of Albania.
Historical Context
This trend is closely monitored by policymakers and economists to assess the health of the Albanian financial sector and household financial behavior.
Key Facts
- Albania's household deposits totaled over $10 billion in 2021.
- Deposits make up over 60% of total liabilities for Albanian commercial banks.
- Household deposit growth has averaged 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Albanian households at commercial banks. It reflects the use of financial services and the liquidity of household assets.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the stability and growth of the Albanian banking system, as well as household financial behavior and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Albania.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess financial sector stability, household savings, and the effectiveness of monetary and financial policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Albania, with minimal reporting lags.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Albania (ALBFCLODCHXDC), retrieved from FRED.