Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Sri Lanka
LKAFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,521,182,471,000.00
Year-over-Year Change
467.52%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Sri Lanka, providing insights into the use of financial services and overall banking activity in the country.
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 at Commercial Banks for Sri Lanka metric tracks the total value of deposits held by individuals and businesses at commercial banks operating in the Sri Lankan market. This data point is a key indicator of financial intermediation and the health of the banking sector.
Methodology
The data is collected by the Central Bank of Sri Lanka through its surveys and reporting of the commercial banking system.
Historical Context
Economists and policymakers monitor this trend to assess the stability and growth of Sri Lanka's financial system and the public's confidence in banking institutions.
Key Facts
- Sri Lanka's commercial bank deposits totaled $57.3 billion as of the latest data.
- Deposits have grown by an average of 8% annually over the past 5 years.
- The deposit-to-GDP ratio in Sri Lanka is approximately 52%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at commercial banks operating in Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and public confidence in the Sri Lankan banking system, which are important indicators for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Sri Lanka through its surveys and reporting of the commercial banking system.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the stability and growth of Sri Lanka's financial system and make informed decisions about monetary and financial policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and there may be occasional revisions to historical figures.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Sri Lanka (LKAFCLODCXDC), retrieved from FRED.