Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for St. Vincent and the Grenadines
SVGFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,301,535,000.00
Year-over-Year Change
68.52%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in St. Vincent and the Grenadines. It provides insight into the public's use of financial services and household savings behavior.
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 St. Vincent and the Grenadines tracks the total value of deposits held by individual consumers in the country's commercial banking system. This metric offers economists and policymakers a window into household financial activities and liquidity preferences.
Methodology
The data is collected through surveys of commercial banks operating in St. Vincent and the Grenadines.
Historical Context
This trend is useful for analyzing consumer confidence, assessing the stability of the domestic financial system, and informing monetary and macroprudential policies.
Key Facts
- St. Vincent and the Grenadines is a small island nation in the Caribbean.
- Household deposits account for a significant portion of the country's financial system liabilities.
- Trends in household deposits are closely watched by the Eastern Caribbean Central Bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by households at commercial banks in St. Vincent and the Grenadines. It provides insight into the public's use of financial services and household savings behavior.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers as it offers insights into consumer confidence, financial system stability, and can inform monetary and macroprudential policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in St. Vincent and the Grenadines.
Q: How is this trend used in economic policy?
A: This trend is used by the Eastern Caribbean Central Bank and other institutions to analyze consumer behavior, assess financial system stability, and inform monetary and macroprudential policies.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limitations due to the size and structure of the St. Vincent and the Grenadines financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for St. Vincent and the Grenadines (SVGFCLODCHXDC), retrieved from FRED.