Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Colombia
COLFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187,053,951,000,000.00
Year-over-Year Change
334.73%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Colombia. It provides insight into the Colombian public's use of financial services and banking sector activity.
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 by Households at Commercial Banks for Colombia series tracks the total value of deposits held by Colombian households at commercial banks. This metric offers analysts visibility into household savings, banking sector liquidity, and the overall level of financial intermediation in the Colombian economy.
Methodology
The data is collected by the Central Bank of Colombia through surveys of commercial banks operating in the country.
Historical Context
Policymakers and economists use this trend to assess household financial behavior and monitor the health of Colombia's banking system.
Key Facts
- Colombia's household deposits totaled $XXX billion as of the latest data.
- Deposits have grown by X% over the past Y years.
- Commercial bank deposits account for Z% of Colombia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Colombian households at commercial banks operating in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household savings behavior, banking sector liquidity, and the overall level of financial intermediation in the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Colombia through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess household financial behavior and monitor the health of Colombia's banking system.
Q: Are there update delays or limitations?
A: The data is published with a delay of approximately X months. The series may not capture all deposits held by Colombian households outside the formal banking system.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Colombia (COLFCLODCHXDC), retrieved from FRED.