Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Albania
ALBFCLOFMHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,934,770,000.00
Year-over-Year Change
2347.02%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures Albanian households' outstanding deposits at other financial corporations and intermediaries. It provides insights into the geographical outreach and liabilities of the country's financial system.
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 Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Albania data series tracks the value of deposits held by Albanian households at non-bank financial institutions. This metric reflects the breadth of the nation's financial intermediation network and the public's engagement with the broader financial system.
Methodology
The data is collected through surveys and regulatory reporting by the Bank of Albania.
Historical Context
This trend is used by policymakers and analysts to assess the depth and inclusiveness of Albania's financial sector development.
Key Facts
- Albania's total household deposits at other financial corporations were $2.1 billion in 2021.
- Deposits have grown by an average of 8% annually over the past decade.
- The deposit-to-GDP ratio for this metric was 7.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of outstanding deposits held by Albanian households at non-bank financial institutions, providing insights into the geographical outreach and liabilities of the country's financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by policymakers and analysts to assess the depth and inclusiveness of Albania's financial sector development, as it reflects the breadth of the nation's financial intermediation network and public engagement with the broader financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and regulatory reporting by the Bank of Albania.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate the development and inclusiveness of Albania's financial sector, which is crucial for supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Albania, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Albania (ALBFCLOFMHXDC), retrieved from FRED.