Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for St. Vincent and the Grenadines
SVGFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,942,415,000.00
Year-over-Year Change
69.93%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits at commercial banks in St. Vincent and the Grenadines, providing insights into the use of financial services and overall economic activity in the country.
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 outstanding deposits at commercial banks metric serves as an indicator of the level of financial intermediation and access to banking services within St. Vincent and the Grenadines. It reflects the public's confidence in the banking system and can be used to assess the depth and stability of the country's financial sector.
Methodology
The data is collected by the Central Bank of St. Vincent and the Grenadines through reports from commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers, regulators, and analysts to evaluate financial inclusion and the overall health of the banking system.
Key Facts
- St. Vincent and the Grenadines is a small island nation in the Caribbean.
- Commercial banks are the primary financial institutions in the country.
- Deposits at commercial banks reflect the public's confidence in the banking system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at commercial banks in St. Vincent and the Grenadines, providing insights into the use of financial services and overall economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant because it serves as an indicator of the level of financial intermediation and access to banking services within St. Vincent and the Grenadines, which is crucial for evaluating the depth and stability of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of St. Vincent and the Grenadines through reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, regulators, and analysts to evaluate financial inclusion and the overall health of the banking system in St. Vincent and the Grenadines.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the Central Bank of St. Vincent and the Grenadines, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for St. Vincent and the Grenadines (SVGFCLODCXDC), retrieved from FRED.