Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Luxembourg
LUXFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,458,330,000.00
Year-over-Year Change
79.38%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Luxembourg. It provides insights into the level of household savings and financial services usage 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 by Households at Commercial Banks for Luxembourg trend tracks the total value of deposits maintained by households with commercial banks in Luxembourg. This metric offers a window into the savings and banking behavior of the country's population.
Methodology
The data is collected by the Central Bank of Luxembourg through its monitoring of the commercial banking sector.
Historical Context
This trend is useful for policymakers and analysts assessing the health of Luxembourg's financial system and household savings patterns.
Key Facts
- Luxembourg has one of the highest per capita banking deposit levels in the world.
- Household deposits account for over 50% of total bank deposits in Luxembourg.
- The trend has shown steady growth in household deposits over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by households at commercial banks in Luxembourg. It provides insight into the savings and banking behavior of the country's population.
Q: Why is this trend relevant for users or analysts?
A: This trend offers valuable information about the financial health and savings patterns of Luxembourg households, which is relevant for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Luxembourg through its monitoring of the commercial banking sector.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the stability and growth of Luxembourg's financial system and household savings behavior, which can inform economic and financial policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Luxembourg, with minimal update delays. However, the trend may not capture all household deposits, as some may be held outside the commercial banking system.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Luxembourg (LUXFCLODCHXDC), retrieved from FRED.