Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Portugal
PRTFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.32
Year-over-Year Change
-10.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits of households with commercial banks in Portugal as a percentage of GDP. It provides insights into the savings and financial behavior of Portuguese households.
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 of Households with Commercial Banks for Portugal is an important metric that reflects the financial health and saving patterns of Portuguese households. It is widely used by economists and policymakers to assess the stability and growth of the Portuguese banking sector and overall economy.
Methodology
The data is collected and calculated by the Portuguese Central Bank based on reports from commercial banks operating in Portugal.
Historical Context
This trend is closely monitored by the European Central Bank and other institutions to evaluate the financial soundness of the Portuguese economy.
Key Facts
- Portugal's household deposits with commercial banks were 58.8% of GDP in 2021.
- Household deposits have grown steadily since the global financial crisis.
- The trend reflects Portuguese households' preference for safe, liquid savings.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Portugal as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the savings and financial behavior of Portuguese households, which is crucial for assessing the stability and growth of the Portuguese banking sector and economy.
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 Portugal.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the European Central Bank and other institutions to evaluate the financial soundness of the Portuguese economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a comprehensive and reliable representation of household deposits with commercial banks in Portugal.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Portugal (PRTFCLODCHGGDPPT), retrieved from FRED.