Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Fiji
FJIFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,700,766,265.98
Year-over-Year Change
169.35%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held at commercial banks in Fiji. It provides insights into the demand for banking services and the overall liquidity in the Fijian 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
The outstanding deposits at commercial banks is a key indicator of financial intermediation and banking sector activity in Fiji. It represents the total value of deposits held by individuals, businesses, and other institutions with commercial banks operating in the country.
Methodology
The data is collected directly from commercial banks in Fiji and aggregated by the country's central bank.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the health of the Fijian banking sector and broader financial conditions.
Key Facts
- Fiji's total bank deposits were FJD 12.4 billion as of 2021.
- Deposits have grown at an average annual rate of 4.2% over the past 5 years.
- Commercial banks hold over 90% of the total financial system deposits in Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by individuals, businesses, and other institutions at commercial banks operating in Fiji.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits at commercial banks is a key indicator of financial intermediation and the overall liquidity in the Fijian banking sector, which is closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Fiji and aggregated by the country's central bank.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess the health of the Fijian banking system and broader financial conditions, which informs monetary and financial stability policies.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Fijian central bank, though there may be some delays in data availability compared to real-time banking activities.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Fiji (FJIFCLODCXDC), retrieved from FRED.