Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Norway
NORFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
900,342,113,000.00
Year-over-Year Change
75.83%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by Norwegian households at commercial banks. It provides insights into the use of financial services and the savings and liquidity preferences of Norwegian consumers.
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 outstanding deposits by Norwegian households at commercial banks is an important indicator of the public's trust in the financial system and their willingness to hold liquid assets. It reflects the savings and spending patterns of Norwegian consumers and can inform policymakers and analysts about the overall health of the Norwegian economy.
Methodology
The data is collected by the Norwegian central bank through surveys of commercial banks operating in Norway.
Historical Context
This trend is used by economists and policymakers to assess the stability of the Norwegian financial system and the saving and spending behavior of Norwegian households.
Key Facts
- Norway has one of the highest household savings rates in the OECD.
- Deposits at commercial banks account for over 60% of Norwegian household financial assets.
- The outstanding deposit trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by Norwegian households at commercial banks. It provides insights into the savings and liquidity preferences of Norwegian consumers.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits by Norwegian households is an important indicator of the public's trust in the financial system and can inform policymakers and analysts about the overall health of the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Norwegian central bank through surveys of commercial banks operating in Norway.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the stability of the Norwegian financial system and the saving and spending behavior of Norwegian households.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the use of financial services by Norwegian households.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Norway (NORFCLODCHXDC), retrieved from FRED.