Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Iran
IRNFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.73
Year-over-Year Change
104.02%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the outstanding deposits with commercial banks in Iran, providing insights into the use of financial services in the country.
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 with commercial banks in Iran represents the total value of deposits held by individuals and businesses in the country's commercial banking system. This metric is a key indicator of financial activity and the level of confidence in the banking sector.
Methodology
The data is collected and reported by the Central Bank of Iran.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the health of Iran's financial system and economy.
Key Facts
- Iran's outstanding commercial bank deposits reached $XX trillion in 20XX.
- The deposit-to-GDP ratio in Iran was XX% in 20XX.
- The banking sector accounts for over XX% of Iran's financial system assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses in Iran's commercial banking system, providing insights into the use of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits with commercial banks in Iran is a key indicator of financial activity and the level of confidence in the banking sector, which is closely monitored by policymakers and analysts to assess the health of Iran's financial system and economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Iran.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the health of Iran's financial system and economy, and to inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the Central Bank of Iran, which may result in occasional delays or limitations in the availability and accuracy of the information.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Iran (IRNFCLODCGGDPPT), retrieved from FRED.