Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Maldives
MDVFCLODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,893,052,000.00
Year-over-Year Change
402.42%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held by other depository corporations in Maldives. It provides insights into the level of financial intermediation and liquidity in the Maldivian 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 Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Maldives tracks the total value of deposits held by banks and other financial institutions in Maldives. This metric is a key indicator of financial deepening and the public's confidence in the banking system.
Methodology
The data is collected and reported by the Maldives Monetary Authority, the central bank of Maldives.
Historical Context
Policymakers and analysts use this trend to assess financial stability and the effectiveness of monetary policy in Maldives.
Key Facts
- Maldives has a highly dollarized economy, with USD deposits making up a significant portion of total deposits.
- Outstanding deposits have grown steadily in recent years, reflecting increased financial inclusion and economic development.
- The deposit-to-GDP ratio in Maldives is relatively high compared to other small island developing states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by banks and other depository corporations in Maldives.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial intermediation and liquidity in the Maldivian economy, which is crucial for assessing financial stability and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Maldives Monetary Authority, the central bank of Maldives.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial sector developments and evaluate the impact of monetary policy measures in Maldives.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Maldives (MDVFCLODXDC), retrieved from FRED.