Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Fiji
FJIFCLODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181,741,560.80
Year-over-Year Change
53.84%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held by households at other deposit-taking institutions in Fiji. It provides insights into the savings and financial behavior of Fijian 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, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Fiji tracks the total value of deposits held by Fijian households at non-bank financial institutions, such as credit unions and microfinance providers. This data is useful for analyzing household financial stability and the development of Fiji's financial sector.
Methodology
The data is collected by the Fijian central bank through surveys of deposit-taking institutions.
Historical Context
Policymakers and analysts use this metric to gauge household financial health and the accessibility of banking services in Fiji.
Key Facts
- Fiji has a population of over 900,000 people.
- The Fijian dollar is the official currency.
- Fiji's central bank is the Reserve Bank of Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Fijian households at non-bank financial institutions, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the savings and financial behavior of Fijian households, which is useful for analyzing household financial stability and the development of Fiji's financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the Fijian central bank through surveys of deposit-taking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge household financial health and the accessibility of banking services in Fiji.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and survey methodologies of the Fijian central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Fiji (FJIFCLODDHXDC), retrieved from FRED.