Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Comoros
COMFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,326,435,856.00
Year-over-Year Change
79.10%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures outstanding deposits at other deposit takers in Comoros. It provides insights into the usage and health of Comoros' financial services sector.
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 Comoros' metric tracks the total value of deposits held at financial institutions in Comoros that are not commercial banks, such as credit unions or microfinance providers. This data point is used to analyze the breadth of financial inclusion and intermediation in the country.
Methodology
The data is collected through surveys and reports from Comoros' central bank and financial regulatory authorities.
Historical Context
Policymakers and analysts use this metric to assess the development of Comoros' broader financial system and access to banking services.
Key Facts
- Comoros has a population of over 850,000 people.
- Over 60% of Comorians lack access to formal banking services.
- The World Bank estimates only 20% of adults in Comoros have a bank account.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits held at financial institutions in Comoros that are not commercial banks, such as credit unions or microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the breadth of financial inclusion and intermediation in Comoros, which is crucial for assessing the development of the country's broader financial system and access to banking services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Comoros' central bank and financial regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the development of Comoros' financial sector and inform policies aimed at promoting financial inclusion and access to banking services.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or incomplete coverage of non-bank financial institutions in Comoros.
Related Trends
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Comoros
COMFCIODDNUM
Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Comoros
COMFCLODCHGGDPPT
Total Expenditure of General Government for Comoros
COMGGXG01GDPPT
Number of Identified Exporters to Comoros from Illinois
ILCOMA475SCEN
Internet users for Comoros
ITNETUSERP2COM
Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Comoros
COMFCRODMFANUM
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Comoros (COMFCLODDXDC), retrieved from FRED.