Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Nicaragua
NICFCLOFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,203,457,900.00
Year-over-Year Change
280.40%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held by Nicaraguan financial corporations, excluding the central bank. It provides insights into the overall use of financial services and deposit activity in the Nicaraguan 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 Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Nicaragua tracks the volume of deposits placed with financial institutions in Nicaragua, excluding the central bank. This metric reflects the level of financial intermediation and public confidence in the country's financial system.
Methodology
The data is collected by the Central Bank of Nicaragua and reported through the International Monetary Fund's International Financial Statistics.
Historical Context
Policymakers and analysts use this trend to gauge financial sector development and stability in Nicaragua.
Key Facts
- Nicaragua's deposit volume was $X.XX billion as of the latest data.
- Deposits have grown by Y% over the past Z years.
- The deposit-to-GDP ratio in Nicaragua is currently A%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by financial corporations in Nicaragua, excluding the central bank. It provides insight into the level of financial intermediation and public confidence in the country's financial system.
Q: Why is this trend relevant for users or analysts?
A: The volume of deposits held by Nicaraguan financial institutions is an important indicator of financial sector development and stability. It reflects the public's trust in the banking system and the overall use of financial services in the economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Nicaragua and reported through the International Monetary Fund's International Financial Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health and growth of Nicaragua's financial sector, which is crucial for supporting economic development and stability.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions or gaps due to reporting challenges in some periods.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for Nicaragua (NICFCLOFXDC), retrieved from FRED.