Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Namibia
NAMFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,041,806,536.84
Year-over-Year Change
70.53%
Date Range
1/1/2004 - 1/1/2010
Summary
This economic trend measures the outstanding deposits held at other deposit-taking institutions in Namibia. It provides insights into the utilization of financial services and the overall deposit activity in the Namibian financial 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 Other Deposit Takers for Namibia trend tracks the total value of deposits held at non-bank financial institutions in the country. This metric is used by economists and policymakers to assess the depth and breadth of financial intermediation, as well as the public's engagement with the formal financial sector.
Methodology
The data is collected by the Bank of Namibia through surveys of deposit-taking institutions.
Historical Context
This trend is relevant for understanding the development of Namibia's financial markets and the effectiveness of policies aimed at promoting financial inclusion.
Key Facts
- Namibia has a population of over 2.5 million people.
- The Bank of Namibia is the central bank and primary regulator of the financial system.
- Namibia has a relatively well-developed banking sector compared to other sub-Saharan African countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at non-bank financial institutions in Namibia, providing insights into the utilization of financial services and the overall deposit activity in the Namibian financial system.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Namibia's financial markets and the effectiveness of policies aimed at promoting financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Namibia through surveys of deposit-taking institutions.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the depth and breadth of financial intermediation, as well as the public's engagement with the formal financial sector in Namibia.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and collection practices of the Bank of Namibia, and may have update delays or other limitations inherent to the data source.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Namibia (NAMFCLODDXDC), retrieved from FRED.