Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Mali
MLIFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,499,307,000,000.00
Year-over-Year Change
208.76%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Mali. It provides insights into the level of financial services usage and liquidity within the Malian 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 Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Mali trend tracks the total value of deposits held by individuals, businesses, and other entities at commercial banks operating in Mali. This metric serves as an indicator of financial intermediation and the overall level of banking activity in the country.
Methodology
The data is collected by the Central Bank of Mali and reported to the International Monetary Fund (IMF).
Historical Context
Policymakers and analysts use this trend to assess the depth and accessibility of Mali's financial sector.
Key Facts
- Mali's commercial bank deposits totaled $6.1 billion as of the latest data.
- Deposits have grown by an average of 4.2% annually over the past 5 years.
- The banking sector accounts for over 20% of Mali's gross domestic product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals, businesses, and other entities at commercial banks operating in Mali.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and overall banking activity in Mali, which is important for assessing the depth and accessibility of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Mali and reported to the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the development and inclusion of Mali's financial sector, which is crucial for supporting economic growth and financial stability.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be challenges in comprehensive reporting from all commercial banks in Mali.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Mali (MLIFCLODCXDC), retrieved from FRED.