Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Ecuador
ECUFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
780,159,895.10
Year-over-Year Change
174.70%
Date Range
1/1/2005 - 1/1/2017
Summary
This economic trend measures the total outstanding deposits held at other deposit-taking institutions in Ecuador. It provides insight into the use of financial services and the liquidity in the Ecuadorian economy.
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 Other Deposit Takers for Ecuador tracks the total value of deposits held at institutions other than the central bank, such as commercial banks and credit unions. This metric reflects the public's engagement with the financial system and the availability of liquid assets.
Methodology
The data is collected through surveys and reporting from financial institutions in Ecuador.
Historical Context
Policymakers and analysts use this trend to assess the overall stability and depth of Ecuador's financial sector.
Key Facts
- Ecuador's total outstanding deposits at other deposit-taking institutions was $116 billion in 2021.
- Deposits have grown by an average of 5% annually over the past decade.
- Ecuador's deposit-to-GDP ratio is approximately 30%, indicating moderate financial sector development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at deposit-taking institutions other than the central bank in Ecuador, such as commercial banks and credit unions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the public's engagement with the financial system and the overall liquidity available in the Ecuadorian economy, which is important for assessing financial stability and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Ecuador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the overall stability and depth of Ecuador's financial sector, which informs decisions related to monetary policy, financial regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delay in availability due to the time required for data collection and reporting from financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Ecuador (ECUFCLODDXDC), retrieved from FRED.