Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Namibia
NAMFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.34
Year-over-Year Change
-87.91%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Namibia as a percentage of its gross domestic product (GDP). It provides insight into the use of financial services and the overall level of financial intermediation in the Namibian economy.
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 metric represents the total value of deposits held by individuals and businesses with commercial banks in Namibia. This indicator is used by economists and policymakers to assess the depth and development of the country's financial sector and its role in channeling savings into productive investments.
Methodology
The data is collected and reported by the Bank of Namibia.
Historical Context
This trend is closely monitored by the Namibian government, central bank, and international financial institutions to gauge the financial inclusion and stability of the Namibian economy.
Key Facts
- Namibia's outstanding deposits with commercial banks were 45.4% of GDP in 2020.
- The trend has increased from 37.7% of GDP in 2010, indicating growing financial intermediation.
- Namibia's financial sector is dominated by a few large commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with commercial banks in Namibia as a percentage of its gross domestic product (GDP), providing insight into the use of financial services and the overall level of financial intermediation in the Namibian economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used by economists and policymakers to assess the depth and development of Namibia's financial sector and its role in channeling savings into productive investments, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Namibia.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Namibian government, central bank, and international financial institutions to gauge the financial inclusion and stability of the Namibian economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Bank of Namibia, but there may be some delays in publication or potential limitations in data coverage or accuracy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Namibia (NAMFCLODCGGDPPT), retrieved from FRED.