Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Bolivia
BOLFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163,278,520,088.92
Year-over-Year Change
215.61%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the total outstanding deposits held at commercial banks in Bolivia. It provides insight into the level of financial intermediation and domestic deposit mobilization in the Bolivian economy.
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 Bolivia represents the total value of deposits held by the public in the commercial banking system. This metric is a key indicator of financial deepening and the degree to which the formal banking sector is intermediating domestic savings.
Methodology
The data is collected by the Central Bank of Bolivia through surveys of commercial banking institutions.
Historical Context
Policymakers and analysts use this trend to assess the development of Bolivia's financial sector and the public's engagement with the formal banking system.
Key Facts
- Bolivia's commercial bank deposits totaled $33.5 billion as of the latest data.
- Deposits have grown at an average annual rate of 7.2% over the past decade.
- The deposit-to-GDP ratio in Bolivia is around 45%, indicating moderate financial intermediation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public in the commercial banking system of Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and domestic deposit mobilization in the Bolivian economy, which are important factors for economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Bolivia through surveys of commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development of Bolivia's financial sector and the public's engagement with the formal banking system, which informs monetary and financial stability policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all deposit-taking institutions in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Bolivia (BOLFCLODCXDC), retrieved from FRED.