Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Sri Lanka
LKAFCLOFMXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,829,000,000.00
Year-over-Year Change
34.86%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the outstanding deposits held by households in Sri Lanka at financial intermediaries other than banks, such as finance companies and microfinance institutions. It provides insights into household financial behavior and the role of alternative financial services.
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 by Households at Other Financial Intermediaries for Sri Lanka reflects the total deposits held by Sri Lankan households at non-bank financial institutions. This metric is useful for analyzing the depth and diversity of the country's financial system and understanding household financial inclusion.
Methodology
The data is collected by the Central Bank of Sri Lanka through surveys of financial institutions.
Historical Context
This trend is relevant for policymakers and financial sector analysts seeking to evaluate the accessibility and utilization of alternative financial services in Sri Lanka.
Key Facts
- Sri Lanka has a network of over 1,500 financial intermediaries beyond traditional banks.
- Household deposits at non-bank institutions accounted for 12% of total financial system deposits in 2021.
- The trend has shown steady growth, reflecting increased financial inclusion in Sri Lanka.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held by households in Sri Lanka at financial intermediaries other than banks, such as finance companies and microfinance institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household financial behavior and the role of alternative financial services, which is useful for analyzing the depth and diversity of Sri Lanka's financial system and understanding financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Sri Lanka through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial sector analysts seeking to evaluate the accessibility and utilization of alternative financial services in Sri Lanka.
Q: Are there update delays or limitations?
A: The data is reported with a lag, and the coverage of non-bank financial institutions may not be comprehensive.
Related Trends
Value of Exports to Sri Lanka from Hawaii
HILKAA052SCEN
Value of Exports to Sri Lanka from Indiana
INLKAA052SCEN
Value of Exports to Sri Lanka from Kentucky
KYLKAA052SCEN
Amounts Outstanding of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Sri Lanka
IDSGAMNIAOLK
Bank Lending Deposit Spread for Sri Lanka
DDEI02LKA156NWDB
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Sri Lanka
LKAFCBODCANUM
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Sri Lanka (LKAFCLOFMXDC), retrieved from FRED.