Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Brunei Darussalam
BRNFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.35
Year-over-Year Change
-11.60%
Date Range
1/1/2009 - 1/1/2021
Summary
This economic trend measures the outstanding deposits of households with commercial banks in Brunei Darussalam as a percentage of the country's GDP. It provides insights into the use of financial services and household saving patterns.
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 outstanding deposits of households with commercial banks is an indicator of the level of household savings and engagement with the formal financial system in Brunei Darussalam. This metric is widely used by economists and policymakers to assess financial inclusion and the health of the domestic banking sector.
Methodology
The data is collected by the Brunei Darussalam central bank through surveys of commercial banks.
Historical Context
This indicator is relevant for understanding Brunei's economic development and assessing the impacts of financial policies.
Key Facts
- Brunei's household deposits averaged 49% of GDP from 2010-2020.
- The deposits indicator reached a high of 51.2% in 2019.
- Household deposits declined to 46.6% of GDP in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Brunei Darussalam as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of household savings and financial inclusion in Brunei, which is important for understanding the health of the domestic banking sector and the impacts of financial policies.
Q: How is this data collected or calculated?
A: The data is collected by the Brunei Darussalam central bank through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and economists assessing Brunei's economic development and the impacts of financial policies on household savings and financial inclusion.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of the Brunei Darussalam central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Brunei Darussalam (BRNFCLODCHGGDPPT), retrieved from FRED.