Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for St. Lucia
SLAFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.84
Year-over-Year Change
3.39%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding deposits held with commercial banks in St. Lucia, providing insights into the use of financial services and the overall liquidity in the 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 outstanding deposits with commercial banks metric represents the total value of deposits held by individuals, businesses, and institutions within the banking system of St. Lucia. This trend is used by economists and policymakers to assess the level of financial intermediation and the health of the domestic banking sector.
Methodology
The data is collected and reported by the Central Bank of St. Lucia.
Historical Context
This indicator is relevant for understanding monetary policy, financial stability, and economic growth in St. Lucia.
Key Facts
- Outstanding deposits represent over 90% of St. Lucia's GDP.
- Commercial bank deposits have grown by 5% annually over the past decade.
- Deposit levels are a key indicator of financial inclusion in St. Lucia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of deposits held by individuals, businesses, and institutions with commercial banks in St. Lucia.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits metric provides insights into the level of financial intermediation and the overall health of the domestic banking sector in St. Lucia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of St. Lucia.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding monetary policy, financial stability, and economic growth in St. Lucia.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a 2-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for St. Lucia (SLAFCLODCGGDPPT), retrieved from FRED.