Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Nicaragua
NICFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192,361,967,392.46
Year-over-Year Change
214.42%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by commercial banks in Nicaragua. It provides insight into the level of financial services usage and liquidity in the Nicaraguan banking 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 Commercial Banks for Nicaragua series tracks the total value of deposits held by commercial banks operating in Nicaragua. This metric offers an indication of the size and activity of the country's financial services sector and the overall level of liquidity in the banking system.
Methodology
This data is collected by the Central Bank of Nicaragua through reporting from commercial banks.
Historical Context
Policymakers and economists use this trend to assess the health and stability of Nicaragua's financial system.
Key Facts
- Nicaragua had $5.8 billion in commercial bank deposits as of 2020.
- Deposit growth has averaged 10% annually over the past decade.
- Deposits make up over 40% of Nicaragua's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by commercial banks operating in Nicaragua. It provides insight into the level of financial services usage and overall liquidity in the Nicaraguan banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric offers an important indicator of the size and activity of Nicaragua's financial services sector, which is crucial for assessing the health and stability of the country's banking system.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Nicaragua through reporting from the commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the level of liquidity and activity in Nicaragua's financial system, which informs decisions around monetary policy, financial regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Nicaragua, but there may be some delay in availability compared to the reporting period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Nicaragua (NICFCLODCXDC), retrieved from FRED.