Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Cote d'Ivoire
CIVFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,649,617,000,000.00
Year-over-Year Change
457.36%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held at commercial banks in Cote d'Ivoire. It provides insights into the level of financial inclusion and the public's utilization of banking services in the country.
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 Cote d'Ivoire metric tracks the total value of deposits held by the public in the nation's commercial banking system. This data point is a key indicator of financial sector development and household access to formal banking services.
Methodology
The data is collected and reported by the Central Bank of Cote d'Ivoire.
Historical Context
Policymakers use this metric to monitor financial deepening and identify areas for improving financial inclusion.
Key Facts
- Cote d'Ivoire has a population of over 26 million people.
- The banking sector in Cote d'Ivoire is dominated by a small number of large commercial banks.
- Financial inclusion remains a challenge, with only around 40% of the adult population having a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public in the commercial banking system of Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and utilization of formal banking services in the country, which is important for policymakers and economists studying economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor financial deepening and identify areas for improving financial inclusion in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all banking activity in the informal sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Cote d'Ivoire (CIVFCLODCXDC), retrieved from FRED.