Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Finland
FINFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,827,000,000.00
Year-over-Year Change
35.83%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at commercial banks in Finland. It provides insights into the level of financial activity and liquidity in the Finnish 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 Commercial Banks for Finland series represents the total value of deposits held by the public at commercial banks operating in Finland. This metric is an important indicator of the overall level of financial intermediation and the public's confidence in the banking system.
Methodology
The data is collected and reported by the Bank of Finland as part of its financial sector monitoring and analysis.
Historical Context
This trend is closely watched by policymakers and economists to gauge the health of the Finnish financial system and broader economic conditions.
Key Facts
- Finland has a highly developed and stable banking sector.
- Deposits at commercial banks account for a significant portion of the Finnish financial system's total liabilities.
- Trends in commercial bank deposits are closely linked to consumer confidence and economic activity in Finland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public at commercial banks operating in Finland. It provides insight into the level of financial activity and liquidity in the Finnish economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the health and stability of the Finnish financial system, as well as broader economic conditions in the country. It is closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Finland as part of its financial sector monitoring and analysis.
Q: How is this trend used in economic policy?
A: Trends in commercial bank deposits in Finland are used by policymakers and economists to gauge the overall level of financial activity, consumer confidence, and economic conditions in the country.
Q: Are there update delays or limitations?
A: The data is reported by the Bank of Finland on a regular basis, with minimal delays. However, there may be some limitations in terms of the granularity or specific definitions used in the data collection.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Finland (FINFCLODCXDC), retrieved from FRED.