Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Colombia
COLFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,901,521,000,000.00
Year-over-Year Change
28.85%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures outstanding deposits held at financial institutions other than central banks in Colombia. It provides insight into the level of economic activity and financial system liquidity in the Colombian 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 Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Colombia series tracks the total value of deposits held at non-central bank financial institutions in the country. This metric is used by economists and policymakers to gauge the overall health and stability of the Colombian financial system.
Methodology
The data is collected and reported by the Central Bank of Colombia.
Historical Context
Trends in deposit levels are closely monitored by financial regulators and market analysts to assess macroeconomic conditions and credit availability.
Key Facts
- Deposits at non-central bank institutions in Colombia totaled $270 billion as of 2021.
- Deposit levels have grown by an average of 5% annually over the past decade.
- Colombia's deposit-to-GDP ratio is approximately 40%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at financial institutions other than the central bank in Colombia.
Q: Why is this trend relevant for users or analysts?
A: Deposit levels are a key indicator of financial system liquidity and economic activity, and are closely monitored by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Colombia.
Q: How is this trend used in economic policy?
A: Trends in deposit levels are used by financial regulators and economists to assess macroeconomic conditions and credit availability.
Q: Are there update delays or limitations?
A: The data is published with a short lag time and provides a comprehensive view of deposit activity in Colombia.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Colombia (COLFCLODDXDC), retrieved from FRED.