Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Denmark
DNKFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.68
Year-over-Year Change
9.86%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding deposits held with commercial banks in Denmark as a percentage of the country's gross domestic product (GDP). It provides insights into the public's use of financial services and the overall health of the banking 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 outstanding deposits with commercial banks for Denmark represent the total value of deposits held by individuals, businesses, and other entities with Danish commercial banks. This indicator offers insights into the level of savings and liquidity in the economy, as well as the public's confidence in the banking system.
Methodology
The data is collected and reported by the Danish central bank, Danmarks Nationalbank.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the stability and development of Denmark's financial sector.
Key Facts
- Denmark's outstanding deposits with commercial banks were 154.4% of GDP in 2021.
- Deposits have grown steadily over the past decade, reflecting the public's confidence in the banking system.
- The deposits-to-GDP ratio is higher in Denmark than the Eurozone average, indicating a well-developed financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held with commercial banks in Denmark as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator offers insights into the level of savings and liquidity in the Danish economy, as well as the public's confidence in the banking system, which is important for assessing financial stability and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Danish central bank, Danmarks Nationalbank.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and financial analysts to assess the stability and development of Denmark's financial sector, which is crucial for informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Danish central bank, with minimal delays, providing a timely and reliable indicator of the use of financial services in Denmark.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Denmark (DNKFCLODCGGDPPT), retrieved from FRED.