Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Bulgaria
BGRFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.21
Year-over-Year Change
21.30%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Bulgaria, providing insight into the use of financial services and overall economic activity.
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: Key Indicators, Outstanding Deposits with Commercial Banks for Bulgaria' metric tracks the total value of deposits held by individuals and businesses with commercial banks in the country. This data point offers economists and policymakers a window into the financial health and liquidity of the Bulgarian economy.
Methodology
The data is collected directly from the Central Bank of Bulgaria and other official financial institutions.
Historical Context
Monitoring deposit levels helps analysts assess consumer and business confidence, as well as the overall functioning of the banking system.
Key Facts
- Bulgaria's outstanding commercial bank deposits were 55.8% of GDP in 2021.
- Deposit levels have grown steadily since the global financial crisis.
- The banking sector holds over 90% of total financial system assets in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits held by individuals and businesses with commercial banks in Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: Monitoring deposit levels provides insight into consumer and business confidence, as well as the overall health of the Bulgarian banking system.
Q: How is this data collected or calculated?
A: The data is collected directly from the Central Bank of Bulgaria and other official financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess financial stability, liquidity, and the broader performance of the Bulgarian economy.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly or quarterly basis with minimal delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Bulgaria (BGRFCLODCGGDPPT), retrieved from FRED.