Liquid Liabilities (Broad Money) for Dominica
DDOI07DMA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
411.87
Year-over-Year Change
1.83%
Date Range
1/1/1975 - 1/1/2021
Summary
Liquid Liabilities (Broad Money) for Dominica measures the size of the country's financial system as a percentage of its gross domestic product (GDP). This metric provides insights into the development and stability of Dominica's financial sector.
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
Liquid Liabilities (Broad Money) is a commonly used indicator of financial depth, capturing the overall size of a country's financial intermediaries and markets. It represents the value of financial assets that can easily be converted into cash, including currency, deposits, and other monetary instruments.
Methodology
The data is collected and calculated by the World Bank using national financial statistics.
Historical Context
This trend is closely monitored by policymakers, financial institutions, and economists to assess the health and development of Dominica's financial system.
Key Facts
- Dominica's Liquid Liabilities (Broad Money) was 84.7% of GDP in 2020.
- This metric has increased from 56.7% in 2000, indicating financial sector growth.
- Broad money is an important indicator of financial depth and economic stability.
FAQs
Q: What does this economic trend measure?
A: Liquid Liabilities (Broad Money) for Dominica measures the overall size of the country's financial system as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the development and stability of Dominica's financial sector, which is crucial for economic growth and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national financial statistics.
Q: How is this trend used in economic policy?
A: Policymakers, financial institutions, and economists closely monitor this trend to assess the health and development of Dominica's financial system.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with some potential delays in reporting.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Dominica (DDOI07DMA648NWDB), retrieved from FRED.