Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Iran
IRNFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,277,900,000,000,000.00
Year-over-Year Change
1696.93%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the outstanding deposits held at commercial banks in Iran. It provides insights into the level of financial services utilization and overall economic activity 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 Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Iran tracks the total value of deposits held by individuals and businesses at commercial banks operating in Iran. This metric serves as an indicator of the level of financial intermediation and economic confidence within the Iranian economy.
Methodology
The data is collected by the Central Bank of Iran and reported through official channels.
Historical Context
Policymakers and analysts use this trend to assess the health and stability of Iran's banking sector and broader economic conditions.
Key Facts
- Iran's commercial bank deposits peaked at $429 billion in 2016.
- Deposits declined by 12% between 2018 and 2020 due to economic sanctions.
- Outstanding deposits account for over 50% of Iran's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at commercial banks operating in Iran.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial services utilization and overall economic confidence and activity within the Iranian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Iran and reported through official channels.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and stability of Iran's banking sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations due to economic and political factors in Iran.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Iran (IRNFCLODCXDC), retrieved from FRED.