Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Kiribati
KIRFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,427,000.00
Year-over-Year Change
15.96%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Kiribati. It provides insight into the savings and financial behaviors of the Kiribati population.
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 by households at commercial banks is a key indicator of the financial health and banking activity within Kiribati. It reflects the level of household savings and liquidity in the domestic economy.
Methodology
The data is collected through surveys and reporting from commercial banks operating in Kiribati.
Historical Context
Policymakers and analysts use this metric to assess the financial stability and development of Kiribati's banking sector.
Key Facts
- Kiribati is a Pacific island nation with a population of around 119,000.
- The Kiribati dollar is the official currency, pegged to a basket of major foreign currencies.
- Banking services in Kiribati are primarily provided by two state-owned commercial banks.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of outstanding deposits held by households at commercial banks operating in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the savings and financial behavior of Kiribati's population, which is relevant for assessing the stability and development of the country's banking sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from the commercial banks operating in Kiribati.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial stability and access to banking services within Kiribati's economy.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and publication due to the small size and remote location of Kiribati's banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Kiribati (KIRFCLODCHXDC), retrieved from FRED.