Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Morocco
MARFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.41
Year-over-Year Change
6.72%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Morocco as a percentage of the country's GDP. It provides insight into the level of financial inclusion and the public's engagement with the formal banking 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 outstanding deposits with commercial banks indicator represents the total value of deposits held by individuals and businesses in Morocco's commercial banking sector. This metric is used by economists and policymakers to assess the depth and breadth of financial intermediation within the Moroccan economy.
Methodology
The data is collected and reported by the Central Bank of Morocco.
Historical Context
This trend is relevant for analyzing the development of Morocco's financial sector and informing policies aimed at promoting greater financial inclusion.
Key Facts
- Morocco's outstanding deposits with commercial banks were 92.1% of GDP in 2021.
- The indicator has steadily increased from 71.4% in 2010, reflecting growth in financial intermediation.
- Increasing financial inclusion is a key policy objective for the Moroccan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with commercial banks in Morocco as a percentage of the country's GDP. It provides insight into the level of financial inclusion and the public's engagement with the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for analyzing the development of Morocco's financial sector and informing policies aimed at promoting greater financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Morocco.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the depth and breadth of financial intermediation within the Moroccan economy and inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Morocco, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Morocco (MARFCLODCGGDPPT), retrieved from FRED.