Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Estonia
ESTFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.94
Year-over-Year Change
21.19%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Estonia as a percentage of the country's gross domestic product (GDP). It provides insights into the overall use of financial services and banking activity in the Estonian 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: Key Indicators, Outstanding Deposits with Commercial Banks for Estonia trend tracks the total value of deposits held by individuals and businesses with commercial banks in Estonia. This metric is widely used by economists and policymakers to analyze the depth and breadth of the financial sector's engagement with the broader economy.
Methodology
The data is collected and reported by the Central Bank of Estonia and the International Monetary Fund.
Historical Context
This trend is closely monitored by financial regulators, central banks, and economic analysts to assess the financial health and stability of the Estonian economy.
Key Facts
- Estonia's commercial bank deposits were 90.2% of GDP in 2021.
- This metric has grown steadily from 67.4% of GDP in 2000.
- The COVID-19 pandemic led to a temporary decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses with commercial banks in Estonia, expressed as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and breadth of financial sector engagement with the broader Estonian economy, which is crucial for assessing financial stability and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Estonia and the International Monetary Fund.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by financial regulators, central banks, and economic analysts to assess the financial health and stability of the Estonian economy.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential for delays in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Estonia (ESTFCLODCGGDPPT), retrieved from FRED.