Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for France
FRAFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.15
Year-over-Year Change
48.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the total outstanding deposits held with commercial banks in France as a percentage of the country's gross domestic product. It provides insight into the French public's use of the banking system and financial services.
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 outstanding deposits with commercial banks metric represents the total value of funds held in deposit accounts by households, businesses, and other entities in the French banking system. This indicator offers insights into the overall level of financial intermediation and the public's trust in the banking sector.
Methodology
The data is collected by the French central bank and calculated as a ratio of total deposits to GDP.
Historical Context
This trend is closely watched by policymakers and analysts to assess the health and stability of the French financial system.
Key Facts
- France's outstanding bank deposits equal around 60% of GDP.
- Deposit levels have remained relatively stable over the past decade.
- The metric trended downward slightly during the global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held with commercial banks in France as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall level of financial intermediation and public trust in the French banking system, which is closely watched by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the French central bank and calculated as a ratio of total deposits to GDP.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and market analysts to assess the health and stability of the French financial system.
Q: Are there update delays or limitations?
A: The data is published regularly by the French central bank with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for France (FRAFCLODCGGDPPT), retrieved from FRED.