Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Morocco
MARFCLODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,970,000,000.00
Year-over-Year Change
16.77%
Date Range
1/1/2004 - 1/1/2008
Summary
This economic trend measures the outstanding deposits held by households at non-bank financial institutions in Morocco. It provides insights into the usage of financial services and the savings patterns of Moroccan households.
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 Deposit Takers for Morocco is an important indicator of household financial behavior and the development of the Moroccan financial sector. It reflects the level of trust and participation in the broader financial system beyond traditional banks.
Methodology
The data is collected by the Central Bank of Morocco through surveys and reporting from non-bank deposit-taking institutions.
Historical Context
This trend is used by policymakers and analysts to assess the inclusiveness and accessibility of the Moroccan financial system.
Key Facts
- Morocco has a population of over 36 million people.
- The Moroccan financial sector is dominated by banks, with a growing presence of non-bank deposit takers.
- Household deposits at non-bank institutions account for a small but increasing share of total financial assets in Morocco.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held by households at non-bank financial institutions in Morocco, such as microfinance institutions, savings and credit cooperatives, and other deposit-taking entities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and the development of the broader financial sector in Morocco beyond traditional banking. It is relevant for policymakers, researchers, and analysts interested in understanding household financial behavior and the accessibility of financial services.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Morocco through surveys and reporting from non-bank deposit-taking institutions operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to assess the inclusiveness and accessibility of the Moroccan financial system, and to inform policies and initiatives aimed at promoting financial inclusion and the development of the non-bank financial sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in the coverage of all non-bank deposit-taking institutions in Morocco.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Morocco (MARFCLODDHXDC), retrieved from FRED.