Liquid Liabilities (Broad Money) for Ecuador
DDOI07ECA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,907.53
Year-over-Year Change
168.83%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the total value of liquid money and near-money assets in Ecuador's economy, providing insights into the country's money supply and 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
Liquid Liabilities, also known as Broad Money, represent the total value of highly liquid financial assets accessible to the public, including currency in circulation, demand deposits, and other easily convertible instruments. This metric is a key indicator of a country's monetary conditions and financial development.
Methodology
The data is collected and calculated by the World Bank based on official national accounts and monetary statistics.
Historical Context
Liquid Liabilities are closely monitored by policymakers, central banks, and analysts to assess the liquidity, stability, and growth potential of an economy.
Key Facts
- Ecuador's Liquid Liabilities were $74.4 billion in 2020.
- Liquid Liabilities as a percentage of GDP was 37.3% in 2020.
- Liquid Liabilities have grown by an average of 8.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of highly liquid financial assets in Ecuador's economy, including currency, demand deposits, and other easily convertible instruments.
Q: Why is this trend relevant for users or analysts?
A: Liquid Liabilities, or Broad Money, is a key indicator of a country's monetary conditions, financial development, and economic growth potential, making it relevant for policymakers, central banks, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national accounts and monetary statistics.
Q: How is this trend used in economic policy?
A: Liquid Liabilities are closely monitored by policymakers and central banks to assess the liquidity, stability, and growth potential of the Ecuadorian economy, informing monetary and financial policies.
Q: Are there update delays or limitations?
A: The Liquid Liabilities data for Ecuador is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Ecuador (DDOI07ECA648NWDB), retrieved from FRED.