Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Antigua and Barbuda
ATGFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,305,351,000.00
Year-over-Year Change
68.96%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at commercial banks in Antigua and Barbuda. It provides insight into the use of financial services and the overall liquidity in the country's banking system.
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 at Commercial Banks for Antigua and Barbuda series tracks the total value of deposits held by individuals and businesses at commercial banks operating in the country. This metric is a key indicator of financial intermediation and the public's engagement with formal banking institutions.
Methodology
The data is collected by the Central Bank of Antigua and Barbuda through surveys of commercial banks.
Historical Context
Policymakers and economists use this trend to assess the level of financial inclusion and monitor the stability of the banking sector.
Key Facts
- Antigua and Barbuda is a Caribbean island nation.
- The banking sector is a key part of the country's economy.
- Deposit levels indicate the public's trust in the financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at commercial banks operating in Antigua and Barbuda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and the overall liquidity in Antigua and Barbuda's banking system, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Antigua and Barbuda through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the stability of the banking sector and monitor the level of financial inclusion in Antigua and Barbuda.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by commercial banks, and the coverage may be limited to formal banking institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Antigua and Barbuda (ATGFCLODCXDC), retrieved from FRED.