Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Chad
TCDFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.94
Year-over-Year Change
23.81%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic indicator measures the outstanding deposits of households with commercial banks in Chad as a percentage of the country's gross domestic product (GDP). It provides insights into the level of financial inclusion and the savings behavior of households in the Chadian 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 of households with commercial banks in Chad is a key indicator of financial services usage and household financial health. It represents the total value of deposits held by Chadian households with domestic commercial banks, expressed as a percentage of the country's GDP. This metric is useful for analyzing trends in household savings, financial sector development, and financial inclusion in the Chadian economy.
Methodology
The data is collected and calculated by the Central Bank of Chad based on reports from domestic commercial banks.
Historical Context
This indicator is relevant for policymakers and economists studying financial sector development and financial inclusion in Chad.
Key Facts
- Chad's household deposits with commercial banks were 7.8% of GDP in 2020.
- Financial inclusion remains low in Chad, with only 12% of adults having a bank account.
- Improving financial access and savings is a key development goal for the Chadian government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the outstanding deposits of households with commercial banks in Chad as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the savings behavior of households in the Chadian economy, which is relevant for policymakers and economists studying financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Chad based on reports from domestic commercial banks.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to analyze trends in household savings, financial sector development, and financial inclusion in Chad.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or reporting by commercial banks in Chad.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Chad (TCDFCLODCHGGDPPT), retrieved from FRED.