Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Bolivia
BOLFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,843,607,442.34
Year-over-Year Change
131.28%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at non-bank financial institutions in Bolivia. It provides insight into the use of financial services and the overall liquidity 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 Other Deposit Takers for Bolivia tracks the total value of deposits held at institutions other than commercial banks, such as credit unions and microfinance providers. This metric is a key indicator of financial inclusion and the depth of the Bolivian financial system.
Methodology
The data is collected by the Central Bank of Bolivia through surveys of non-bank deposit-taking institutions.
Historical Context
Policymakers and analysts use this trend to monitor financial sector development and assess the effectiveness of policies aimed at expanding access to financial services.
Key Facts
- Bolivia has a large informal economy, making financial inclusion a key policy priority.
- Deposits at non-bank institutions account for over 20% of total financial system deposits in Bolivia.
- The Bolivian government has implemented initiatives to expand access to banking and microfinance services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at non-bank financial institutions in Bolivia, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and development of Bolivia's financial system, as well as the level of financial inclusion in the country.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Bolivia through surveys of non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial sector development and assess the effectiveness of policies aimed at expanding access to financial services.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and coverage of the Central Bank of Bolivia's surveys of non-bank financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Bolivia (BOLFCLODDXDC), retrieved from FRED.