Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Austria
AUTFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.38
Year-over-Year Change
-6.19%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding deposits with commercial banks in Austria as a percentage of GDP. It provides insights into the use of financial services and the overall liquidity in the Austrian 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 outstanding deposits with commercial banks represent the total value of deposits held by individuals and businesses in Austria's commercial banking system. This metric is a key indicator of financial intermediation and the depth of the country's banking sector.
Methodology
The data is collected and calculated by the Austrian National Bank based on reports from commercial banks.
Historical Context
This trend is closely monitored by policymakers and analysts to assess financial stability and the effectiveness of monetary policies.
Key Facts
- Austria's commercial bank deposits were 110% of GDP in 2021.
- Deposits have grown steadily over the past decade.
- The banking sector is a key driver of Austria's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with commercial banks in Austria as a percentage of the country's GDP. It provides insights into the use of financial services and the overall liquidity in the Austrian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial intermediation and the depth of Austria's banking sector, which is closely monitored by policymakers and analysts to assess financial stability and the effectiveness of monetary policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Austrian National Bank based on reports from commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial stability and the effectiveness of monetary policies in Austria.
Q: Are there update delays or limitations?
A: The data is published regularly by the Austrian National Bank, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Austria (AUTFCLODCGGDPPT), retrieved from FRED.