Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Kiribati
KIRFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.55
Year-over-Year Change
6.26%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic indicator tracks the outstanding deposits of households with commercial banks in Kiribati as a percentage of the country's gross domestic product. It provides insights into the level of financial inclusion and the role of the banking sector in the Kiribati 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 outstanding deposits of households with commercial banks in Kiribati is an important metric that reflects the degree of financial intermediation and the ability of the population to save and access banking services. This indicator is used by economists and policymakers to assess the development of the financial sector and monitor financial inclusion efforts.
Methodology
The data is collected by the Central Bank of Kiribati and reported to international organizations.
Historical Context
This indicator is relevant for understanding the overall development of the Kiribati financial system and its integration with the broader economy.
Key Facts
- Kiribati's household deposits with commercial banks were 31.3% of GDP in 2020.
- Financial inclusion has been a key focus for Kiribati's economic development efforts.
- The banking sector in Kiribati is dominated by a few commercial banks.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding deposits of households with commercial banks in Kiribati 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 level of financial inclusion and the role of the banking sector in the Kiribati economy, which is important for understanding the development of the financial system.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Kiribati and reported to international organizations.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding the overall development of the Kiribati financial system and its integration with the broader economy, which is important for policymakers and economists.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or accuracy, as is common with economic indicators from smaller developing countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Kiribati (KIRFCLODCHGGDPPT), retrieved from FRED.