Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Kosovo
KOSFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.03
Year-over-Year Change
31.87%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic indicator measures the outstanding deposits of households with commercial banks in Kosovo as a percentage of the country's GDP. It provides insights into the level of household savings and financial inclusion in the Kosovar 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 Kosovo, expressed as a percentage of GDP, is a key indicator of the development and usage of financial services within the country. It reflects the degree to which households are participating in the formal banking system and saving their funds.
Methodology
The data is collected by the Central Bank of Kosovo through its regular reporting on the financial sector.
Historical Context
This indicator is closely monitored by policymakers and analysts to assess the financial health and stability of Kosovo's economy.
Key Facts
- Kosovo's outstanding household deposits with commercial banks were 37.1% of GDP in 2021.
- The indicator has grown steadily from 31.9% in 2016, reflecting increased financial inclusion.
- Kosovo's household deposit ratio is lower than the Eurozone average of around 60% of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the outstanding deposits of households with commercial banks in Kosovo as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of household savings and financial inclusion in the Kosovar economy, which is of interest to policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Kosovo through its regular reporting on the financial sector.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers and analysts to assess the financial health and stability of Kosovo's economy.
Q: Are there update delays or limitations?
A: The data is published with a short time lag, and there are no major known limitations to the indicator.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Kosovo (KOSFCLODCHGGDPPT), retrieved from FRED.