Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Malawi
MWIFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.79
Year-over-Year Change
-22.69%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the outstanding deposits of households with commercial banks in Malawi as a percentage of the country's GDP. It provides insights into the use of financial services and the level of household savings in the Malawian 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: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Malawi series tracks the value of household deposits held with commercial banks in Malawi. This metric is an important indicator of financial inclusion and the overall health of the Malawian banking system.
Methodology
The data is collected and calculated by the Central Bank of Malawi.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the financial stability and development of the Malawian economy.
Key Facts
- Malawi's household deposits with commercial banks were 24.5% of GDP in 2020.
- Household deposits have grown by an average of 8% annually over the past decade.
- The Central Bank of Malawi closely monitors this indicator to assess financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Malawi as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and household savings in the Malawian economy, which are important indicators of economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Malawi.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts closely monitor this trend to assess the financial stability and development of the Malawian economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Malawi, with minimal update delays.
Related Trends
Gross Portfolio Equity Liabilities to GDP for Malawi
DDDM08MWA156NWDB
Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Malawi
MWIFCNODCHANUM
Value of Exports to Malawi from Michigan
MIMWIA052SCEN
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises Non-deposit Taking Microfinance Institutions (MFIs) for Malawi
MWIFCDOFMFNSPENUM
Value of Exports to Malawi from Ohio
OHMWIA052SCEN
Fertility Rate, Total for Malawi
SPDYNTFRTINMWI
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Malawi (MWIFCLODCHGGDPPT), retrieved from FRED.