Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Brazil
BRAFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.97
Year-over-Year Change
-8.38%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding deposits with commercial banks in Brazil as a percentage of the country's gross domestic product (GDP). It provides insights into the level of financial intermediation and the public's use of the banking 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 with commercial banks in Brazil represent the total value of funds held by individuals and businesses in the country's commercial banking system. This metric is a key indicator of financial development and the public's engagement with formal financial services.
Methodology
The data is collected by the Central Bank of Brazil and reported as a percentage of GDP.
Historical Context
This trend is used by economists and policymakers to assess the depth and inclusiveness of Brazil's financial sector.
Key Facts
- Brazil's outstanding deposits with commercial banks were 55% of GDP in 2021.
- This metric has increased from 37% of GDP in 2000, indicating growing financial inclusion.
- Brazil's level of deposits is higher than the Latin American and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with commercial banks in Brazil as a percentage of the country's gross domestic product (GDP). It provides insights into the level of financial intermediation and the public's use of the banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial development and the public's engagement with formal financial services in Brazil. It is used by economists and policymakers to assess the depth and inclusiveness of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Brazil and reported as a percentage of GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the level of financial intermediation and access to banking services in Brazil, which informs decisions on financial sector regulation and development policies.
Q: Are there update delays or limitations?
A: The data is reported by the Central Bank of Brazil, and there may be some delay in the availability of the most recent figures.
Related Trends
Leading Indicators OECD: Component Series: Short-Term Interest Rate: Original Series for Brazil
BRALOCOSTORSTM
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Brazil
NAEXKP04BRA661S
Number of Identified Exporters to Brazil from Colorado
COBRAA475SCEN
Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Brazil
BRAFCRODCHPENUM
Production: Construction: Total for Brazil
BRAPRCNTO01GYSAM
Bank's Return on Assets for Brazil
DDEI05BRA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Brazil (BRAFCLODCGGDPPT), retrieved from FRED.