Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Estonia
ESTFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.36
Year-over-Year Change
18.74%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits of households with commercial banks in Estonia as a percentage of GDP. It provides insight into the financial health and savings behavior of Estonian households.
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 is a key indicator of economic development and household financial stability. This trend specifically tracks the deposits held by Estonian households with commercial banks, offering a window into the saving patterns and financial inclusion of the population.
Methodology
The data is collected and reported by the Central Bank of Estonia.
Historical Context
This indicator is used by policymakers and economists to monitor household financial resilience and the depth of the banking sector in Estonia.
Key Facts
- Estonia's household deposits reached 42.4% of GDP in 2020.
- Deposits have grown steadily from 29.7% of GDP in 2000.
- The ratio of deposits to GDP is a sign of financial inclusion and household savings.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Estonia as a percentage of the country's GDP. It provides insight into the financial health and savings behavior of Estonian households.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding the depth and stability of the Estonian banking sector, as well as the financial resilience and inclusion of households in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor household financial health and the development of the banking system, which informs policy decisions related to financial stability and inclusion.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Central Bank of Estonia, but there may be some delays in reporting compared to real-time financial activity.
Related Trends
Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Estonia
LFEAAGTTEEQ647S
Harmonized Index of Consumer Prices: Alcoholic Beverages for Estonia
CP0210EEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Estonia
ESTCPHP0100IXOBM
Harmonized Index of Consumer Prices: Meat for Estonia
CP0112EEM086NEST
Infra-Annual Labor Statistics: Employment Male: From 15 to 74 Years for Estonia
LFEM74MAEEA657N
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Estonia
LFEM24FEEEA647N
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Estonia (ESTFCLODCHGGDPPT), retrieved from FRED.