Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Sweden
SWEFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,497,159,000,000.00
Year-over-Year Change
116.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Sweden. It provides insights into household savings and liquidity levels, which are important indicators for policymakers and analysts.
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 Sweden tracks the total value of deposits made by Swedish households at commercial banks. This metric offers a window into the saving and spending behaviors of consumers, which is crucial for understanding the overall health of the Swedish economy.
Methodology
The data is collected and reported by the Swedish central bank (Riksbank) based on reports from commercial banks.
Historical Context
Economists and policymakers use this trend to gauge consumer confidence and the flow of money through the Swedish financial system.
Key Facts
- Sweden has a highly developed banking sector.
- Household deposits account for a significant portion of commercial bank liabilities.
- Deposit levels are closely watched as an indicator of consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Swedish households at commercial banks, providing insights into household savings and liquidity levels.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding consumer behavior and the overall health of the Swedish economy, as household deposits are a key indicator of savings, spending, and financial confidence.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Swedish central bank (Riksbank) based on reports from commercial banks operating in Sweden.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to gauge consumer confidence and the flow of money through the Swedish financial system, which informs decisions on monetary policy and financial regulation.
Q: Are there update delays or limitations?
A: The data is typically published with a short lag, and may be subject to revisions as commercial bank reporting is finalized.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Sweden (SWEFCLODCHXDC), retrieved from FRED.