Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Barbados
BRBFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
713,344,230.21
Year-over-Year Change
-31.26%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at deposit-taking institutions other than the central bank in Barbados. It provides insights into the level of financial intermediation and domestic 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 Other Deposit Takers for Barbados tracks the total value of deposits held at commercial banks, credit unions, and other non-central bank deposit-taking institutions in Barbados. This metric reflects the overall level of financial intermediation and the availability of domestic funding sources for businesses and households.
Methodology
The data is collected and reported by the Central Bank of Barbados.
Historical Context
This trend is used by policymakers and analysts to monitor the health and stability of Barbados' financial system.
Key Facts
- Barbados has a well-developed banking sector with a mix of local and international institutions.
- Deposit-taking institutions play a crucial role in channeling domestic savings into investment and lending.
- Monitoring deposit levels helps assess the availability of funding for private and public sector activities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at deposit-taking institutions other than the central bank in Barbados.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and domestic liquidity in the Barbadian economy, which is important for assessing the health and stability of the financial system.
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 monitor the availability of domestic funding sources and the overall health of Barbados' financial system.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Barbados, with potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Barbados (BRBFCLODDXDC), retrieved from FRED.