Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Portugal
PRTFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223,359,000,000.00
Year-over-Year Change
45.69%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in Portugal. It provides insight into the usage and reliance on traditional banking services within the Portuguese 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 Commercial Banks for Portugal tracks the total value of deposits held by individuals and businesses at commercial banks operating in Portugal. This metric is a key indicator of financial intermediation and the public's engagement with the formal banking sector.
Methodology
The data is collected through surveys and regulatory reporting of commercial banks in Portugal.
Historical Context
This deposit volume trend is closely monitored by policymakers and economists to assess the health of Portugal's banking system and domestic consumption patterns.
Key Facts
- Portugal has over 130 commercial banks.
- Deposits make up 70% of total bank liabilities in Portugal.
- The deposit volume trend has been relatively stable since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at commercial banks operating in Portugal.
Q: Why is this trend relevant for users or analysts?
A: The deposit volume trend provides insight into the public's engagement with the formal banking sector and the overall health of Portugal's financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and regulatory reporting of commercial banks in Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this deposit volume trend to assess domestic consumption patterns and the stability of Portugal's banking system.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay and is considered a reliable indicator of commercial bank deposits in Portugal.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Portugal (PRTFCLODCXDC), retrieved from FRED.