Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Barbados
BRBFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,821,253,717.61
Year-over-Year Change
46.92%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at commercial banks in Barbados. It provides insight into the level of financial services usage and liquidity in the Barbadian 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 Barbados tracks the total value of deposits held by the public at commercial banks operating in Barbados. This metric serves as an indicator of the level of financial intermediation and overall economic activity.
Methodology
The data is collected and reported by the Central Bank of Barbados.
Historical Context
Policymakers and analysts use this trend to assess the health and development of Barbados' financial sector and broader macroeconomic conditions.
Key Facts
- Barbados has a well-developed banking sector with 6 licensed commercial banks.
- Bank deposits accounted for over 90% of Barbados' GDP in 2021.
- Outstanding deposits have trended upward since the 2008 global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public at commercial banks operating in Barbados. It provides insight into the level of financial services usage and liquidity in the Barbadian economy.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits metric is a key indicator of financial intermediation and overall economic activity in Barbados. It is closely monitored by policymakers and analysts to assess the health and development of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Barbados.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the performance and stability of Barbados' financial system, as well as to inform broader macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Barbados, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Barbados (BRBFCLODCXDC), retrieved from FRED.