Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Czech Republic
CZEFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,585,864,000,000.00
Year-over-Year Change
117.79%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic indicator tracks the outstanding deposits held at commercial banks in the Czech Republic, providing insights into the country's financial services usage and deposit activity.
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 Commercial Banks for Czech Republic measures the total value of deposits held by individuals and businesses at commercial banks operating in the Czech Republic. This metric offers insights into the level of financial intermediation and overall banking activity within the Czech economy.
Methodology
The data is collected directly from commercial banks operating in the Czech Republic and aggregated by the Czech National Bank.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the health and stability of the Czech banking system and broader financial conditions.
Key Facts
- The Czech Republic has a well-developed banking sector with over 50 commercial banks.
- Deposits at Czech commercial banks reached a record high of CZK 5.4 trillion in 2021.
- Household deposits account for over 60% of total commercial bank deposits in the Czech Republic.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total value of deposits held by individuals and businesses at commercial banks operating in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the level of financial intermediation and overall banking activity within the Czech economy, which is closely monitored by policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in the Czech Republic and aggregated by the Czech National Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and stability of the Czech banking system and broader financial conditions, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Czech Republic (CZEFCLODCXDC), retrieved from FRED.