Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Ethiopia
ETHFCLOFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,584,000,000.00
Year-over-Year Change
236.07%
Date Range
1/1/2004 - 1/1/2012
Summary
This economic trend measures the outstanding deposits held at other financial corporations in Ethiopia. It provides insight into the usage and health of Ethiopia's financial services sector.
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 Financial Corporations for Ethiopia tracks the total value of deposits held by Ethiopian entities, such as households and businesses, at non-bank financial institutions. This metric offers a window into financial intermediation and liquidity in the Ethiopian economy.
Methodology
The data is collected through surveys of financial institutions operating in Ethiopia.
Historical Context
Policymakers and analysts use this metric to assess the depth and access to financial services in the country.
Key Facts
- Ethiopia's outstanding deposits at other financial corporations totaled $X.XX billion in the latest period.
- Deposit growth has averaged Y% annually over the past Z years.
- The ratio of deposits to GDP in Ethiopia is currently A%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Ethiopian entities, such as households and businesses, at non-bank financial institutions in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and access to financial services in Ethiopia, which is an important indicator of economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions operating in Ethiopia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and intermediation capacity of Ethiopia's financial sector, which informs policies aimed at promoting financial inclusion and stability.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential coverage limitations, as the data is collected through surveys of financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Ethiopia (ETHFCLOFXDC), retrieved from FRED.