Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Switzerland
CHEFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.82
Year-over-Year Change
29.84%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the outstanding deposits of households with commercial banks in Switzerland, providing insights into the use of financial services and household savings patterns.
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 Switzerland is an important indicator of the level of financial services usage and household savings in the country. It reflects the assets that Swiss households have stored in the banking system, which is a key component of the overall financial landscape.
Methodology
The data is collected directly from Swiss commercial banks and aggregated by the Federal Reserve.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the financial health and savings behavior of Swiss households.
Key Facts
- Switzerland has one of the highest household savings rates in the world.
- The outstanding deposits of Swiss households have grown steadily over the past decade.
- Commercial banks play a central role in the Swiss financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Switzerland, providing insights into the use of financial services and household savings patterns.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the financial health and savings behavior of Swiss households, which is closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from Swiss commercial banks and aggregated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the overall financial landscape and household savings patterns in Switzerland.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, with minimal delays, providing a timely snapshot of the Swiss household deposit market.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Switzerland (CHEFCLODCHGGDPPT), retrieved from FRED.