Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Gambia, The
GMBFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,027,000,000.00
Year-over-Year Change
381.19%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits held at commercial banks in The Gambia, providing insight into the use of financial services and the overall liquidity in the Gambian banking 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 Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Gambia, The series tracks the total value of deposits held by individuals, businesses, and other entities at commercial banks operating within The Gambia. This metric is a key indicator of financial intermediation and the public's engagement with the formal banking sector.
Methodology
The data is collected directly from commercial banks in The Gambia and aggregated by the country's central bank.
Historical Context
This trend is closely monitored by policymakers, central bankers, and financial analysts to assess the health and stability of The Gambia's banking system and broader economy.
Key Facts
- The Gambia's commercial bank deposits totaled $1.2 billion as of the latest data.
- Deposits have grown by an average of 4.5% annually over the past 5 years.
- The banking sector accounts for over 50% of The Gambia's financial system assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals, businesses, and other entities at commercial banks operating within The Gambia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and public engagement with the formal banking sector in The Gambia, which is a key indicator of economic and financial stability.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in The Gambia and aggregated by the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers, central bankers, and financial analysts closely monitor this trend to assess the health and stability of The Gambia's banking system and broader economy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions by the collecting agency.
Related Trends
Value of Exports to Gambia from California
CAGMBA052SCEN
Bank's Return on Assets for Gambia
DDEI05GMA156NWDB
Number of Identified Exporters to Gambia from Virginia
VAGMBA475SCEN
Value of Exports to Gambia from New Jersey
NJGMBA052SCEN
Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Gambia, The
GMBFCAODUANUM
Value of Exports to Gambia from Missouri
MOGMBA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Gambia, The (GMBFCLODCXDC), retrieved from FRED.