Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Belize
BLZFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,534,000,000.00
Year-over-Year Change
51.88%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the total outstanding deposits held by households at commercial banks in Belize. It provides insight into the level of household liquidity and participation in the formal financial 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 outstanding deposits by households at commercial banks in Belize is an important indicator of the public's utilization of banking services. This metric reflects household savings, access to financial services, and overall stability of the domestic banking sector.
Methodology
The data is collected and reported by the Central Bank of Belize.
Historical Context
Policymakers and analysts use this trend to assess the health of Belize's financial system and household financial behavior.
Key Facts
- Deposits at commercial banks represent a key component of household wealth in Belize.
- This trend reached a record high of $3.15 billion in 2021.
- Household deposits have grown at an average annual rate of 5.7% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by households at commercial banks in Belize. It provides insight into household liquidity and participation in the formal financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the health and stability of Belize's banking sector and understanding household financial behavior and access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Belize.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health of Belize's financial system and inform decisions related to financial regulation, supervision, and development.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically a few months after the end of the reporting period. There may also be revisions to historical data.
Related Trends
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Belize
IDS1YMAORIAIBZ
Number of Identified Exporters to Belize from Missouri
MOBLZA475SCEN
Number of Identified Exporters to Belize from Nebraska
NEBLZA475SCEN
Value of Exports to Belize from Alabama
ALBLZA052SCEN
Consumer Prices for Belize
BLZPCPIEPCH
Number of Identified Exporters to Belize from Pennsylvania
PABLZA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Belize (BLZFCLODCHXDC), retrieved from FRED.