Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Czech Republic
CZEFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.64
Year-over-Year Change
17.50%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding deposits of households with commercial banks in the Czech Republic as a percentage of GDP. It provides insights into the financial health and savings behaviors of Czech households.
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 indicator measures the outstanding deposits of households with commercial banks in the Czech Republic. This metric serves as a proxy for household savings and can be used to assess the financial stability and access to banking services within the Czech economy.
Methodology
The data is collected directly from the Czech National Bank and calculated as a percentage of GDP.
Historical Context
This indicator is closely monitored by policymakers and analysts to gauge the financial well-being of Czech households and inform economic policy decisions.
Key Facts
- The indicator reached a high of 56.4% of GDP in 2020.
- Household deposits have steadily increased as a share of GDP since the early 2000s.
- The indicator provides insights into Czech household financial behavior and access to banking.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding deposits of households with commercial banks in the Czech Republic as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The indicator provides insights into the financial health and savings behaviors of Czech households, which is valuable information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Czech National Bank and calculated as a percentage of GDP.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers to gauge the financial well-being of Czech households and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Czech National Bank, with minimal delays. However, there may be some limitations in terms of the completeness or accuracy of the underlying household deposit data.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Czech Republic (CZEFCLODCHGGDPPT), retrieved from FRED.