Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Namibia
NAMFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,634,560,699.24
Year-over-Year Change
-19.24%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Namibia. It provides insights into the savings and deposit behavior of Namibian households, which is important for understanding the country's financial services usage and household financial health.
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 by Households at Commercial Banks for Namibia series tracks the total value of deposits held by Namibian households at commercial banks. This metric serves as an indicator of household savings, liquidity, and overall engagement with the formal banking system.
Methodology
The data is collected by the Bank of Namibia through surveys and reporting from commercial banks operating in the country.
Historical Context
Policymakers and analysts use this trend to monitor household financial inclusion and the stability of the Namibian banking sector.
Key Facts
- Namibia has a population of approximately 2.5 million people.
- The banking sector in Namibia is dominated by four major commercial banks.
- Namibia has made progress in improving financial inclusion in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Namibian households at commercial banks, providing insights into household savings and engagement with the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the financial health and inclusion of Namibian households, as well as the stability of the country's banking sector.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Namibia through surveys and reporting from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor household financial inclusion and the stability of the Namibian banking sector.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations based on the collection methods used by the Bank of Namibia.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Namibia (NAMFCLODCHXDC), retrieved from FRED.