Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Fiji
FJIFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,027,001,356.63
Year-over-Year Change
138.95%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Fiji. It is a key indicator of household financial activity and liquidity in 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, Liabilities: Outstanding Deposits by Households at Commercial Banks for Fiji series tracks the total value of deposit accounts held by individual residents of Fiji at commercial banks operating in the country. This provides insight into the savings and transactional behaviors of Fijian households.
Methodology
The data is collected directly from commercial banks in Fiji by the country's central banking authority.
Historical Context
Policymakers and analysts use this metric to assess the stability and growth of the Fijian retail banking sector.
Key Facts
- Fiji is an island nation in the South Pacific.
- The Fijian dollar is the national currency.
- The Reserve Bank of Fiji is the country's central banking authority.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposit accounts held by individual residents of Fiji at commercial banks operating in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the savings and transactional behaviors of Fijian households, which is useful for assessing the stability and growth of the Fijian retail banking sector.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Fiji by the country's central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the stability and growth of the Fijian retail banking sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting practices and publication schedule of the Reserve Bank of Fiji.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Fiji (FJIFCLODCHXDC), retrieved from FRED.