Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Belarus
BLRFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
-99.99%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits of households with commercial banks in Belarus as a percentage of the country's GDP. It provides insights into the use of financial services and the savings behavior of Belarusian households.
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 Belarus series tracks the value of household deposits held with commercial banks in the country, expressed as a share of GDP. This metric is used by economists and policymakers to assess the level of financial inclusion and the overall health of the banking system.
Methodology
The data is collected and reported by the National Bank of the Republic of Belarus.
Historical Context
This trend is relevant for analyzing the financial stability and development of the Belarusian economy.
Key Facts
- Belarus's household deposit-to-GDP ratio was 51.5% in 2021.
- This ratio has increased from 37.3% in 2010, indicating growing financial inclusion.
- Household deposits are a key source of funding for the Belarusian banking system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Belarus 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 the overall health of the Belarusian banking system, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of the Republic of Belarus.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the financial stability and development of the Belarusian economy.
Q: Are there update delays or limitations?
A: The data is published with a short time lag and is considered a reliable indicator of household financial behavior in Belarus.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Belarus (BLRFCLODCHGGDPPT), retrieved from FRED.