Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Brazil
BRAFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,810,427,905,745.10
Year-over-Year Change
152.55%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at commercial banks in Brazil. It provides insight into the level of financial services usage and liability growth in the Brazilian 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 Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Brazil series tracks the total value of deposits held by individuals and businesses at commercial banks operating in Brazil. This metric is a key indicator of financial intermediation and the public's engagement with the formal banking sector.
Methodology
The data is collected and reported by the Central Bank of Brazil.
Historical Context
Policymakers and analysts use this trend to assess the development and stability of Brazil's financial system.
Key Facts
- Brazil has over 100 commercial banks.
- Deposits account for over 60% of commercial bank liabilities.
- Outstanding deposits peaked at $1.2 trillion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at commercial banks operating in Brazil.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial services usage and growth in Brazil's banking system, which is important for assessing financial sector development and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Brazil.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the growth and health of Brazil's financial system, which is crucial for supporting economic development.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reporting period.
Related Trends
Gross Domestic Product Deflator for Brazil
NGDPDSAIXBRQ
Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Brazil
DDDI12BRA156NWDB
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Brazil
DDAI07BRA156NWDB
Geographical Outreach: Number of Institutions, Other Financial Corporations for Brazil
BRAFCIOFNUM
Stock Market Total Value Traded to GDP for Brazil
DDDM02BRA156NWDB
International Trade: Imports: Value (Goods): From EU15 Countries for Brazil
XTIMVA04BRM667N
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Brazil (BRAFCLODCXDC), retrieved from FRED.