Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Barbados
BRBFCLODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,466,891,629.53
Year-over-Year Change
132.16%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the outstanding deposits at credit unions and financial cooperatives in Barbados, providing insights into the use of financial services in the country.
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 Credit Unions and Financial Cooperatives for Barbados series tracks the total value of deposits held at these institutions, reflecting the level of financial intermediation and economic activity.
Methodology
The data is collected by the Central Bank of Barbados.
Historical Context
This trend is used by policymakers and analysts to monitor the financial health and inclusion of the Barbadian population.
Key Facts
- Barbados has a well-developed credit union system.
- Outstanding deposits at these institutions were $1.2 billion in 2020.
- Credit unions play a significant role in financial inclusion in Barbados.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at credit unions and financial cooperatives in Barbados, providing insights into the usage of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial intermediation and economic activity in Barbados, as credit unions and cooperatives play a crucial role in the country's financial system and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Barbados.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the financial health and inclusion of the Barbadian population, which can inform decisions related to financial regulation, economic development, and social welfare policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Barbados, but there may be occasional delays in reporting or limitations in the scope of the information collected.
Related Trends
Value of Exports to Barbados from Nevada
NVBRBA052SCEN
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Barbados
BRBFCSODCGGDPPT
Outstanding International Public Debt Securities to GDP for Barbados
DDDM06BBA156NWDB
Value of Exports to Barbados from Missouri
MOBRBA052SCEN
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Barbados
IDS1YMAORIAIBB
Number of Identified Exporters to Barbados from Nebraska
NEBRBA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Barbados (BRBFCLODUXDC), retrieved from FRED.