Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Djibouti
DJIFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.59
Year-over-Year Change
-19.84%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding deposits with commercial banks in Djibouti, a key indicator of financial services usage in the country. It provides insights into the level of financial inclusion and intermediation within Djibouti's economy.
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 with commercial banks metric represents the total value of funds deposited by individuals, businesses, and other entities into Djibouti's commercial banking system. This data point is used by economists and policymakers to gauge the overall development and penetration of financial services in the country.
Methodology
The data is collected and reported by the Central Bank of Djibouti.
Historical Context
This trend is relevant for understanding Djibouti's financial sector development and can inform policies aimed at promoting greater financial inclusion.
Key Facts
- Djibouti's outstanding deposits with commercial banks were $2.3 billion in 2020.
- Commercial bank deposits have grown by an average of 8% per year since 2015.
- Djibouti has a relatively high rate of financial inclusion compared to other African countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by individuals, businesses, and other entities in Djibouti's commercial banking system.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of financial inclusion and intermediation within Djibouti's economy, which is important for understanding the country's financial sector development and informing relevant policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Djibouti.
Q: How is this trend used in economic policy?
A: This trend can inform policies aimed at promoting greater financial inclusion and supporting the growth of Djibouti's financial sector.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Djibouti, but there may be occasional delays in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Djibouti (DJIFCLODCGGDPPT), retrieved from FRED.