Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Portugal
PRTFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.13
Year-over-Year Change
-3.37%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Portugal as a percentage of the country's gross domestic product (GDP). It provides insights into the use of financial services and the savings behavior of the Portuguese population.
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: Key Indicators, Outstanding Deposits with Commercial Banks for Portugal' series represents the value of total deposits held by individuals and businesses with commercial banks in Portugal, expressed as a percentage of the country's GDP. This metric serves as an indicator of the level of financial intermediation and the public's reliance on the banking system for savings and investment.
Methodology
The data is collected and calculated by the Portuguese central bank based on reports from commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers, central banks, and financial analysts to assess the stability and growth of the Portuguese financial sector.
Key Facts
- Portugal's outstanding deposits with commercial banks were 126.7% of GDP in 2021.
- The trend has shown a steady increase over the past decade.
- Deposit-to-GDP ratio is a key indicator of financial development and stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with commercial banks in Portugal as a percentage of the country's gross domestic product (GDP). It provides insights into the use of financial services and the savings behavior of the Portuguese population.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the level of financial intermediation and the public's reliance on the banking system for savings and investment. It is closely monitored by policymakers, central banks, and financial analysts to assess the stability and growth of the Portuguese financial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Portuguese central bank based on reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and central banks to evaluate the financial health and development of the Portuguese economy, as well as to inform decisions on monetary and financial stability policies.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and it may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Portugal (PRTFCLODCGGDPPT), retrieved from FRED.