Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Madagascar
MDGFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,625,419,581,114.00
Year-over-Year Change
307.22%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held at commercial banks in Madagascar, providing insights into the country's financial services usage and liquidity levels.
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 Madagascar is an important indicator of the overall health and activity of the country's banking sector. It reflects the level of public trust and confidence in the financial system, as well as the availability of liquid assets for lending and investment.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the financial stability and growth potential of the Malagasy economy.
Key Facts
- Madagascar's outstanding commercial bank deposits reached a record high in 2021.
- Deposit growth has outpaced GDP growth in Madagascar over the past decade.
- The banking sector accounts for over 50% of Madagascar's total financial assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by the public at commercial banks operating in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and liquidity of Madagascar's financial system, which is crucial for assessing the country's economic stability and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the health of the banking sector and inform decisions on monetary policy, financial regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 3 months, and may be subject to revisions by the Central Bank of Madagascar.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Madagascar (MDGFCLODCXDC), retrieved from FRED.