Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Mozambique
MOZFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
565,011,461,528.11
Year-over-Year Change
381.99%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Mozambique, providing insights into the country's financial services usage and economic activity.
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 at commercial banks represent the total value of money deposited by individuals, businesses, and other entities in Mozambique's banking system. This metric is a key indicator of financial inclusion and the health of the domestic banking sector.
Methodology
The data is collected and reported by the Central Bank of Mozambique.
Historical Context
Policymakers and analysts use this trend to monitor the stability and growth of Mozambique's financial system and broader economic conditions.
Key Facts
- Mozambique's outstanding deposits reached a record high of $7.2 billion in 2021.
- The financial services sector accounts for over 10% of Mozambique's GDP.
- Commercial bank deposits in Mozambique have grown by an average of 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at commercial banks in Mozambique, providing insights into the level of financial services usage and economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and stability of Mozambique's banking sector and broader financial system, which is important for policymakers, investors, and analysts tracking the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Mozambique.
Q: How is this trend used in economic policy?
A: Policymakers and central bank officials use this trend to monitor financial inclusion, assess the impact of monetary policies, and make informed decisions about the regulation and development of Mozambique's banking sector.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to periodic revisions by the Central Bank of Mozambique.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Mozambique (MOZFCLODCXDC), retrieved from FRED.