Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Namibia
NAMFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,164,586,103.22
Year-over-Year Change
-69.87%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Namibia, providing insight into the use of financial services and the overall liquidity 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 at commercial banks in Namibia represent the total value of money that individuals, businesses, and other entities have deposited with these financial institutions. This metric is closely watched by economists and policymakers as an indicator of economic activity, financial stability, and the public's confidence in the banking system.
Methodology
The data is collected and reported by the Bank of Namibia, the country's central banking authority.
Historical Context
Trends in Namibia's commercial bank deposits are used to inform monetary policy decisions and assess the health of the financial sector.
Key Facts
- Namibia's commercial bank deposits totaled $13.2 billion as of the latest data.
- Deposits have grown at an average annual rate of 8.3% over the past 5 years.
- Namibia has a well-developed banking sector with 10 licensed commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at commercial banks in Namibia. It provides insight into the use of financial services and overall liquidity in the Namibian economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in Namibia's commercial bank deposits are closely watched by economists and policymakers as an indicator of economic activity, financial stability, and public confidence in the banking system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Namibia, the country's central banking authority.
Q: How is this trend used in economic policy?
A: Trends in Namibia's commercial bank deposits are used to inform monetary policy decisions and assess the health of the financial sector.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically 1-2 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Namibia (NAMFCLODCXDC), retrieved from FRED.