Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Fiji
FJIFCLOFMHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,000,000.00
Year-over-Year Change
14.19%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures Fiji households' outstanding deposits held at other financial corporations and intermediaries. It provides insight into the geographical reach and access to financial services for 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 Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Fiji series tracks the total value of deposits Fijian households hold outside of traditional banking institutions. This metric helps economists and policymakers assess financial inclusion and the diversity of Fiji's financial ecosystem.
Methodology
The data is collected through surveys of Fiji's financial institutions.
Historical Context
Policymakers use this metric to evaluate financial market development and access to credit in Fiji.
Key Facts
- Fiji's household deposits at other financial institutions totaled $1.2 billion in 2021.
- Deposits at non-bank financial intermediaries account for 20% of total household financial assets in Fiji.
- Geographical outreach of financial services is a key indicator of financial inclusion in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Fijian households at financial institutions other than traditional banks, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the diversity and geographic reach of Fiji's financial system, which is an important indicator of financial inclusion and access to credit for households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Fiji's financial institutions, including banks, credit unions, and other non-bank financial intermediaries.
Q: How is this trend used in economic policy?
A: Policymakers in Fiji use this metric to evaluate the development and accessibility of the country's financial markets, which informs efforts to promote financial inclusion and sustainable economic growth.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the coverage of financial institutions included in the survey could be limited, potentially underestimating the full extent of household deposits outside the traditional banking system.
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Citation
U.S. Federal Reserve, Geographical Outreach, Liabilities: Households' Outstanding Deposits at Other Financial Corporations, Other Financial Intermediaries for Fiji (FJIFCLOFMHXDC), retrieved from FRED.