Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Barbados
BRBFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,315,008,221.25
Year-over-Year Change
25.69%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Barbados. It provides insights into the financial services usage and liquidity preferences of Barbadian consumers.
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 by Households at Commercial Banks for Barbados represents the total value of deposits maintained by households in the Barbadian banking system. This metric is used by economists and policymakers to gauge consumer financial behavior and domestic banking activity.
Methodology
The data is collected by the Central Bank of Barbados through reports from domestic commercial banks.
Historical Context
This trend is relevant for understanding the broader financial conditions and household savings patterns in the Barbadian economy.
Key Facts
- Barbados has a population of around 287,000 as of 2022.
- The Barbados dollar is the official currency, pegged to the US dollar.
- The Central Bank of Barbados oversees the country's financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Barbadian households at domestic commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer financial behavior and banking sector activity in Barbados, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Barbados through reports from domestic commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used to monitor household savings patterns and banking system liquidity, which can inform monetary and financial stability policies in Barbados.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and practices of the Central Bank of Barbados and commercial banks in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Barbados (BRBFCLODCHXDC), retrieved from FRED.