Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Dominican Republic
DOMFCLODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233,764,101,727.00
Year-over-Year Change
842.21%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households in the Dominican Republic at non-bank financial institutions, providing insights into household financial behavior and liquidity preferences.
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 Other Deposit Takers for the Dominican Republic is an important indicator of household financial activity and access to the broader financial system. It reflects the level of deposits maintained by Dominican households outside of traditional banks.
Methodology
The data is collected through surveys and reporting by financial institutions in the Dominican Republic.
Historical Context
This trend is used by policymakers and economists to assess household financial stability and the reach of the financial sector.
Key Facts
- The Dominican Republic has a population of over 10 million people.
- Household deposits at non-bank institutions were $XX billion in the latest period.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held by households in the Dominican Republic at non-bank financial institutions, providing insights into household financial behavior and liquidity preferences.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of household financial activity and access to the broader financial system in the Dominican Republic, which is relevant for policymakers and economists assessing financial stability and the reach of the financial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by financial institutions in the Dominican Republic.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess household financial stability and the reach of the financial sector in the Dominican Republic.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or other limitations common in economic statistics.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Dominican Republic (DOMFCLODDHXDC), retrieved from FRED.