Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Fiji
FJIFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.82
Year-over-Year Change
32.29%
Date Range
1/1/2004 - 1/1/2022
Summary
This trend measures the outstanding deposits of households with commercial banks in Fiji as a percentage of GDP. It provides insight into the level of household financial inclusion and the stability of the Fijian banking system.
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 is a key indicator of economic development and financial inclusion. This series tracks the outstanding deposits of households with commercial banks in Fiji as a share of the country's GDP, offering a gauge of household savings and participation in the formal banking sector.
Methodology
The data is collected and reported by the Central Bank of Fiji.
Historical Context
This indicator is used by policymakers and analysts to assess the depth of financial intermediation and the overall health of Fiji's banking and financial system.
Key Facts
- Fiji's household deposit-to-GDP ratio was 51.5% in 2021.
- This indicator has increased from 46.7% in 2015, reflecting growing financial inclusion.
- Household deposits are a stable funding source for Fiji's commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Fiji as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and the stability of the Fijian banking system, which are important for policymakers and analysts assessing the health of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Fiji.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the depth of financial intermediation and the overall health of Fiji's banking and financial system.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Fiji, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Fiji (FJIFCLODCHGGDPPT), retrieved from FRED.