Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Antigua and Barbuda
ATGFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.80
Year-over-Year Change
4.79%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding deposits with commercial banks in Antigua and Barbuda as a percentage of the country's gross domestic product (GDP). It provides insights into the use of financial services and the level of financial intermediation in the 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 with Commercial Banks for Antigua and Barbuda metric tracks the total value of deposits held by commercial banks relative to the size of the country's economy. This indicator is used by economists and policymakers to assess financial inclusion, the development of the banking sector, and the overall level of financial intermediation.
Methodology
The data is collected and reported by the Central Bank of Antigua and Barbuda.
Historical Context
This trend is relevant for analyzing the financial health and stability of the Antiguan and Barbudan economy.
Key Facts
- Antigua and Barbuda's outstanding deposits with commercial banks were 68.4% of GDP in 2020.
- The trend has remained relatively stable over the past decade, ranging from 65% to 75% of GDP.
- This indicator is higher than the global average, suggesting a relatively well-developed banking sector in Antigua and Barbuda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with commercial banks in Antigua and Barbuda as a percentage of the country's gross domestic product (GDP). It provides insights into the use of financial services and the level of financial intermediation in the economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used by economists and policymakers to assess financial inclusion, the development of the banking sector, and the overall level of financial intermediation in Antigua and Barbuda. It provides insights into the health 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 Central Bank of Antigua and Barbuda.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the financial health and stability of the Antiguan and Barbudan economy, which is important for policymakers and institutions when making decisions related to financial regulation, economic development, and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Antigua and Barbuda, but there may be some delays in reporting and potential limitations in coverage or accuracy due to the challenges of data collection in a small island economy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Antigua and Barbuda (ATGFCLODCGGDPPT), retrieved from FRED.