Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Chad
TCDFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,226,640,000,000.00
Year-over-Year Change
370.51%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the total outstanding deposits held at commercial banks in Chad. It provides insight into the level of financial services utilization and the overall liquidity in the Chadian banking system.
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 at Commercial Banks for Chad tracks the total value of deposits maintained by individuals and businesses in commercial banks operating within the country. This metric is a key indicator of financial intermediation and the public's confidence in the banking sector.
Methodology
The data is collected directly from the Central Bank of Chad and other regulatory authorities.
Historical Context
Policymakers use this trend to monitor financial stability and develop strategies to promote greater financial inclusion.
Key Facts
- Chad's commercial bank deposits peaked at $2.8 billion in 2019.
- Deposits declined by 12% in 2020 due to the COVID-19 pandemic.
- The deposit-to-GDP ratio in Chad was 18.5% as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses in commercial banks operating in Chad.
Q: Why is this trend relevant for users or analysts?
A: The level of deposits is a key indicator of financial intermediation and public confidence in the Chadian banking system, which is relevant for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Central Bank of Chad and other regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor financial stability and develop strategies to promote greater financial inclusion in Chad.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays from the Chadian authorities.
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MDTCDA475SCEN
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Chad (TCDFCLODCXDC), retrieved from FRED.