Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Sri Lanka
LKAFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,911,875,459,000.00
Year-over-Year Change
272.10%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Sri Lanka' measure tracks the total value of deposits held at financial institutions in Sri Lanka, excluding commercial banks.
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
This economic indicator provides insight into the usage of non-bank financial services and the overall level of deposit-taking activity in the Sri Lankan economy. It is an important metric for analyzing financial inclusion and the breadth of the nation's banking and deposit infrastructure.
Methodology
The data is collected and reported by the Central Bank of Sri Lanka.
Historical Context
Policymakers and economists use this metric to assess the health and accessibility of Sri Lanka's financial system.
Key Facts
- Sri Lanka has over 1,000 other deposit-taking institutions beyond commercial banks.
- Non-bank deposits account for over 20% of total financial system liabilities in Sri Lanka.
- Deposit growth has outpaced GDP growth in Sri Lanka over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of deposits held at financial institutions in Sri Lanka, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the usage of non-bank financial services and the overall level of deposit-taking activity in the Sri Lankan economy, which is important for analyzing financial inclusion and the health of the nation's banking infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Sri Lanka.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the accessibility and stability of Sri Lanka's financial system.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Sri Lanka, but may be subject to minor delays in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Sri Lanka (LKAFCLODDXDC), retrieved from FRED.