Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Malawi
MWIFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
283,529,963,331.61
Year-over-Year Change
769.57%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Malawi. It provides insights into the savings and deposit behavior of the Malawian population, which is crucial for financial sector development and economic stability.
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 Malawi' series tracks the total value of deposits held by households at commercial banks operating in Malawi. This metric reflects the public's confidence in the banking system and the overall level of financial inclusion in the country.
Methodology
The data is collected by the Reserve Bank of Malawi through reports from commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers, central banks, and financial institutions to assess the depth and breadth of the Malawian financial system.
Key Facts
- Malawi's outstanding household deposits at commercial banks totaled $3.2 billion in 2021.
- The average annual growth rate of household deposits in Malawi was 7.5% from 2015 to 2021.
- Commercial banks hold over 90% of the total financial assets in Malawi's banking sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by households at commercial banks operating in Malawi. It provides insights into the savings and deposit behavior of the Malawian population.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the depth and breadth of Malawi's financial system, as well as the public's confidence in the banking sector. It is closely monitored by policymakers, central banks, and financial institutions.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of Malawi through reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this trend to assess the level of financial inclusion and the stability of the Malawian banking sector, which is crucial for economic development and financial sector growth.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months, and there may be limitations in coverage or reporting by some smaller commercial banks in Malawi.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Malawi (MWIFCLODCHXDC), retrieved from FRED.