Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Brunei Darussalam
BRNFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.34
Year-over-Year Change
-13.19%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic indicator tracks the outstanding deposits with commercial banks in Brunei Darussalam as a percentage of the country's GDP. It provides insights into the public's usage of financial services and the overall health of the Bruneian 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: Key Indicators, Outstanding Deposits with Commercial Banks for Brunei Darussalam measures the total value of deposits held by the public in commercial banks relative to the size of Brunei's economy. This metric is used by economists and policymakers to assess financial inclusion, banking sector stability, and the public's confidence in the domestic financial system.
Methodology
The data is collected and reported by the Brunei Darussalam Central Bank.
Historical Context
This indicator is closely monitored by Brunei's financial regulators and international institutions to evaluate the country's financial development and economic resilience.
Key Facts
- Brunei's commercial bank deposits were 58.7% of GDP in 2020.
- The indicator has remained above 50% of GDP since 2010.
- Brunei has one of the highest rates of financial inclusion in Southeast Asia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of deposits held by the public in commercial banks in Brunei Darussalam, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the public's usage of financial services and the overall health and stability of Brunei's banking sector, which is important for evaluating the country's economic development and resilience.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Brunei Darussalam Central Bank.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by Brunei's financial regulators and international institutions to assess the country's financial development and economic resilience.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Brunei Darussalam Central Bank, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Brunei Darussalam (BRNFCLODCGGDPPT), retrieved from FRED.