Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Hungary
HUNFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,483,000,590,520.90
Year-over-Year Change
186.09%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at commercial banks in Hungary. It is a key indicator of the health and activity of the Hungarian banking sector and 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 Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Hungary tracks the total value of deposits that households, businesses, and other entities hold in Hungarian commercial banks. This metric reflects the overall level of confidence and participation in the country's banking system.
Methodology
The data is collected and reported by the Hungarian National Bank.
Historical Context
Policymakers and analysts use this metric to assess the stability and growth of Hungary's financial sector.
Key Facts
- Hungary's commercial bank deposits totaled over $160 billion in 2022.
- Deposits have grown by over 30% since 2015.
- Household deposits account for the largest share of total deposits.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits held by households, businesses, and other entities in Hungarian commercial banks.
Q: Why is this trend relevant for users or analysts?
A: The level of bank deposits is a key indicator of the health and growth of Hungary's financial sector, which is crucial for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hungarian National Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the stability and growth of Hungary's banking system and financial sector.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the Hungarian banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Hungary (HUNFCLODCXDC), retrieved from FRED.