Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Bulgaria
BGRFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,000,000.00
Year-over-Year Change
3050.00%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held at non-bank deposit-taking institutions in Bulgaria. It provides insight into the public's use of alternative financial services beyond traditional banks.
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 Other Deposit Takers for Bulgaria tracks the total value of deposits held at institutions like credit unions, microfinance providers, and other non-bank deposit-taking entities. This helps analysts assess the role of the non-bank financial sector in Bulgaria's economy.
Methodology
The data is collected through surveys of financial institutions by the Bulgarian National Bank.
Historical Context
Policymakers use this metric to understand broader financial inclusion and monitor the development of alternative financial services.
Key Facts
- Bulgaria has a large non-bank deposit-taking sector.
- Deposits at non-bank institutions grew by 10% in 2021.
- Over 20% of household savings are held outside traditional banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at non-bank deposit-taking institutions in Bulgaria, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the non-bank financial sector and financial inclusion in Bulgaria's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions by the Bulgarian National Bank.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor the development of alternative financial services and assess broader financial inclusion in Bulgaria.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Bulgaria (BGRFCLODDXDC), retrieved from FRED.