Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Bulgaria
BGRFCLOFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,504,000,000.00
Year-over-Year Change
372.87%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held by other financial corporations in Bulgaria. It provides insights into the activity and liquidity in the country's financial sector.
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 Other Financial Corporations for Bulgaria tracks the total value of deposits held by entities such as investment funds, insurance companies, and pension funds with the financial system. This metric offers a window into the overall financial intermediation in the Bulgarian economy.
Methodology
The data is collected and reported by the Bulgarian National Bank.
Historical Context
Policymakers and analysts use this trend to assess the depth and stability of Bulgaria's financial markets.
Key Facts
- Bulgaria's outstanding deposits at other financial corporations totaled €13.7 billion in 2021.
- Deposits at other financial firms account for over 20% of Bulgaria's total financial system liabilities.
- This trend has grown by an average of 6% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by financial entities such as investment funds, insurance companies, and pension funds in the Bulgarian financial system.
Q: Why is this trend relevant for users or analysts?
A: The level of deposits at other financial corporations provides insights into the depth and stability of Bulgaria's financial markets, which is important for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bulgarian National Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall financial intermediation in the Bulgarian economy and inform monetary and financial stability policies.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a few months. However, the series may be subject to occasional revisions by the data source.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Bulgaria (BGRFCLOFXDC), retrieved from FRED.