Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Djibouti
DJIFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
470,459,000,000.00
Year-over-Year Change
165.14%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Djibouti, providing insight into the use of financial services and overall banking activity 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 outstanding deposits at commercial banks represent the total value of money deposited by individuals, businesses, and other entities within the Djiboutian banking system. This metric is a key indicator of financial intermediation and the overall health of the domestic banking sector.
Methodology
The data is collected directly from commercial banks operating in Djibouti and aggregated by the Central Bank of Djibouti.
Historical Context
Policymakers and analysts use this trend to assess the level of financial inclusion and monitor the development of Djibouti's banking industry.
Key Facts
- Djibouti's outstanding bank deposits totaled $1.2 billion in 2021.
- Deposits have grown by an average of 7% annually over the past decade.
- The banking sector accounts for over 80% of Djibouti's financial system assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at commercial banks in Djibouti, providing insight into the level of financial intermediation and banking activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits at commercial banks is a key indicator of financial inclusion and the overall health of Djibouti's banking sector, which is crucial for economic development and policymaking.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Djibouti and aggregated by the Central Bank of Djibouti.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the level of financial inclusion and monitor the development of Djibouti's banking industry, which is important for informing monetary and financial policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a delay of approximately 3 months, so there may be a lag in reflecting the most recent changes in Djibouti's banking sector.
Related Trends
Number of Identified Exporters to Djibouti from Maryland
MDDJIA475SCEN
Value of Exports to Djibouti from Washington
WADJIA052SCEN
Value of Exports to Djibouti from New Mexico
NMDJIA052SCEN
People 15 Years and Over with Account at a Formal Financial Institution for Djibouti
DDAI05DJA156NWDB
Value of Exports to Djibouti from Virginia
VADJIA052SCEN
Remittance Inflows to GDP for Djibouti
DDOI11DJA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Djibouti (DJIFCLODCXDC), retrieved from FRED.