Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Dominica
DMAFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,000,000.00
Year-over-Year Change
-84.62%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the outstanding deposits held at deposit-taking institutions, excluding the central bank, in Dominica. It provides insights into the usage of financial services and liabilities in the Dominican 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 'Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Dominica' series tracks the total value of deposits held at financial institutions, such as commercial banks, in Dominica. This metric is useful for analyzing the level of financial intermediation and the public's utilization of banking services in the country.
Methodology
The data is collected and reported by the Eastern Caribbean Central Bank.
Historical Context
Policymakers and analysts use this trend to assess the depth and stability of Dominica's financial system.
Key Facts
- Dominica is a member of the Eastern Caribbean Currency Union.
- The deposits tracked in this series exclude those held at the central bank.
- Analyzing deposit trends can provide insights into financial inclusion and stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at deposit-taking institutions, excluding the central bank, in Dominica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and public utilization of banking services in Dominica, which is useful for policymakers and analysts assessing the depth and stability of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Eastern Caribbean Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the depth and stability of Dominica's financial system.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and availability from the Eastern Caribbean Central Bank.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Dominica (DMAFCLODDXDC), retrieved from FRED.