Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Bosnia and Herzegovina
BIHFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.16
Year-over-Year Change
28.11%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Bosnia and Herzegovina, providing insights into the use of financial services in the country.
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 Bosnia and Herzegovina' trend represents the total value of deposits held by the public with commercial banks in Bosnia and Herzegovina. This metric is used by economists and policymakers to assess the level of financial inclusion and the overall health of the country's banking sector.
Methodology
The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Historical Context
This trend is relevant for understanding the depth of financial intermediation and the confidence of the public in the banking system.
Key Facts
- Bosnia and Herzegovina has a population of around 3.3 million.
- The banking sector in Bosnia and Herzegovina is dominated by foreign-owned banks.
- Deposits with commercial banks in Bosnia and Herzegovina are equivalent to around 60% of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public with commercial banks in Bosnia and Herzegovina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and the overall health of the banking sector in Bosnia and Herzegovina, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess the depth of financial intermediation and the confidence of the public in the banking system in Bosnia and Herzegovina.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a comprehensive and reliable representation of the outstanding deposits with commercial banks in Bosnia and Herzegovina.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Bosnia and Herzegovina (BIHFCLODCGGDPPT), retrieved from FRED.