Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Ethiopia
ETHFCLOFMXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
704,000,000.00
Year-over-Year Change
0.28%
Date Range
1/1/2004 - 1/1/2012
Summary
This economic trend measures the outstanding deposits held by households at other financial intermediaries in Ethiopia. It provides insights into the use of financial services and the level of household savings and liquidity in the Ethiopian 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 by Households at Other Financial Intermediaries for Ethiopia' data series tracks the total value of deposits held by Ethiopian households at non-bank financial institutions. This metric is used by economists and policymakers to assess the depth and breadth of the country's financial system and the financial health of households.
Methodology
The data is collected and reported by the National Bank of Ethiopia.
Historical Context
This trend is relevant for analyzing the development of Ethiopia's financial sector and the financial inclusion of its population.
Key Facts
- Ethiopia's household deposits at other financial intermediaries totaled $XX.XX billion in the latest period.
- This trend has grown by X% over the past Y years, indicating increased financial inclusion.
- The ratio of household deposits to GDP in Ethiopia is currently Z%, reflecting the financial sector's relative size.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by households at non-bank financial institutions in Ethiopia. It provides insights into the use of financial services and the level of household savings and liquidity in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for analyzing the development and depth of Ethiopia's financial sector, as well as the financial health and inclusion of its households. It is used by economists and policymakers to assess the country's progress in building a robust financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Ethiopia, the country's central bank.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the growth and accessibility of financial services in Ethiopia, which is a key component of the country's economic development strategy. It helps inform policies aimed at promoting financial inclusion and strengthening the financial sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential revisions by the National Bank of Ethiopia. Users should check for the latest available information and be aware of any potential delays or caveats in the data.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Ethiopia (ETHFCLOFMXDC), retrieved from FRED.