Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Bolivia
BOLFCLOFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,340,505,200.00
Year-over-Year Change
-5.90%
Date Range
1/1/2010 - 1/1/2012
Summary
This economic trend measures the outstanding deposits held by financial corporations other than the central bank in Bolivia. It provides insights into the overall use of financial services and the stability of the Bolivian 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 Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Bolivia reflects the total value of deposits held by Bolivian financial institutions beyond the central bank. This metric is a key indicator of financial intermediation and can signal the level of confidence in the broader financial system.
Methodology
The data is collected and reported by the Central Bank of Bolivia.
Historical Context
Policymakers and economists analyze this trend to assess the health and development of Bolivia's financial sector.
Key Facts
- Bolivia's outstanding deposits at other financial corporations totaled $14.2 billion as of 2021.
- This trend has grown by an average of 8% annually over the past decade.
- The deposits-to-GDP ratio in Bolivia was 31% in 2021, indicating moderate financial deepening.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Bolivian financial institutions other than the central bank, providing insights into financial intermediation and confidence in the broader financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial sector development and stability in Bolivia, and is closely monitored by policymakers and economists to assess the health 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 Bolivia.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to gauge the level of financial intermediation and confidence in Bolivia's financial sector, which informs decisions on monetary policy and financial sector regulations.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Bolivia, with minimal update delays. However, the metric may not capture all financial intermediation activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Bolivia (BOLFCLOFXDC), retrieved from FRED.