Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Dominica
DMAFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980,229,000.00
Year-over-Year Change
24.29%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Dominica. It provides insights into the level of household savings and liquidity within the Dominica banking system.
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 Dominica is an important indicator of the financial health and saving patterns of households in the country. It tracks the total value of deposits that households maintain with commercial banks, reflecting their overall level of savings and access to banking services.
Methodology
The data is collected directly from commercial banks operating in Dominica and aggregated by the country's central bank.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the stability of the domestic financial system and household financial resilience.
Key Facts
- Dominica is a small island nation in the Caribbean.
- Household deposits account for a significant portion of the country's banking system liabilities.
- Trends in household deposits are closely watched for signs of economic and financial conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by households at commercial banks operating in Dominica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the savings and liquidity patterns of Dominica households, which is an important indicator of financial stability and economic conditions in the country.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Dominica and aggregated by the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the health of the domestic financial system and the financial resilience of Dominica households.
Q: Are there update delays or limitations?
A: There may be delays in reporting or limitations in coverage due to the small size of Dominica's financial sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Dominica (DMAFCLODCHXDC), retrieved from FRED.