Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Denmark
DNKFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,774,330,406,928.00
Year-over-Year Change
66.28%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at commercial banks in Denmark. It provides insights into the use and demand for financial services and can be a valuable indicator of economic activity and consumer confidence.
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 at Commercial Banks for Denmark series represents the total value of deposits held by individuals and businesses at commercial banks operating in Denmark. This metric is closely watched by economists and policymakers as it reflects the public's engagement with the financial system and can signal changes in saving, spending, and investment patterns.
Methodology
The data is collected and reported by the Danish central bank through surveys of commercial banking institutions.
Historical Context
This trend is closely monitored by the Danish government and the European Central Bank to assess the health of the domestic financial sector and broader economic conditions.
Key Facts
- Denmark has a highly developed and stable banking system.
- Deposits at Danish commercial banks totaled over $400 billion in 2022.
- Deposit levels have grown steadily over the past decade in Denmark.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at commercial banks operating in Denmark.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the use and demand for financial services in Denmark, which can signal changes in saving, spending, and investment patterns.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Danish central bank through surveys of commercial banking institutions.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Danish government and the European Central Bank to assess the health of the domestic financial sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the Danish financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Denmark (DNKFCLODCXDC), retrieved from FRED.