Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Portugal
PRTFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162,800,000,000.00
Year-over-Year Change
34.68%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Portugal. It provides insights into the financial services and liquidity preferences 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, Liabilities: Outstanding Deposits by Households at Commercial Banks for Portugal series tracks the total value of deposits held by individual households in commercial banks located in Portugal. This metric serves as an indicator of household financial activity and the overall health of the Portuguese banking system.
Methodology
The data is collected directly from commercial banks operating in Portugal and aggregated by the national central bank.
Historical Context
Policymakers and analysts use this trend to assess household financial behavior and its implications for monetary policy and financial stability.
Key Facts
- Portugal's household deposits totaled €263 billion as of the latest data.
- Deposits have grown by 4.2% annually over the past 5 years.
- Household deposits account for 85% of total bank deposits in Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by households at commercial banks located in Portugal. It provides insights into household financial activity and the health of the Portuguese banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and analysts to assess household financial behavior and its implications for monetary policy and financial stability in Portugal.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Portugal and aggregated by the national central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor household financial activity and its potential impact on monetary policy and the stability of the Portuguese banking system.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a month of the reference period. There are no major known limitations to the reliability or coverage of this economic series.
Related Trends
Harmonized Index of Consumer Prices: Passenger Transport by Air for Portugal
CP0733PTM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Portugal
PRTCP070000IXOBQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Portugal
LRAC24TTPTA156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Portugal
PRTCPSDCTGYCTGYM
Bank Concentration for Portugal
DDOI01PTA156NWDB
Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Portugal
PRTODCNPI03GPSAM
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Portugal (PRTFCLODCHXDC), retrieved from FRED.