Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Lesotho
LSOFCLOFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182,600,000.00
Year-over-Year Change
30.83%
Date Range
1/1/2004 - 1/1/2010
Summary
This economic trend measures the outstanding deposits held by financial corporations other than the central bank in Lesotho. It provides insights into the depth and utilization of Lesotho's financial system.
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 Other Financial Corporations for Lesotho captures the total value of deposits held by financial institutions such as commercial banks, insurance companies, and pension funds. This metric reflects the overall level of financial intermediation and access to formal banking services in the Lesotho economy.
Methodology
The data is collected and reported by the Central Bank of Lesotho.
Historical Context
This trend is used by policymakers and analysts to assess the development and stability of Lesotho's financial sector.
Key Facts
- Deposits at other financial corporations in Lesotho totaled $1.3 billion in 2020.
- The value of these deposits has grown by 8% annually over the past 5 years.
- Lesotho's deposit-to-GDP ratio of 33% is below the regional average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by financial institutions other than the central bank in Lesotho, reflecting the depth of the country's financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and access to formal banking services in Lesotho, which are important indicators of economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Lesotho.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development and stability of Lesotho's financial sector, which is crucial for supporting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Lesotho (LSOFCLOFXDC), retrieved from FRED.