Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Austria
AUTFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,971,063.00
Year-over-Year Change
-13.72%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the total number of financial services deposit accounts held at commercial banks in Austria. It provides insight into the level of financial inclusion and usage of banking services by Austrian households and businesses.
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 Deposit Accounts: Accounts at Commercial Banks for Austria series tracks the total number of deposit accounts held at commercial banks in the country. This metric is used by economists and policymakers to assess financial inclusion, banking sector development, and the overall usage of formal financial services.
Methodology
The data is collected and reported by the Central Bank of Austria.
Historical Context
This trend is relevant for analyzing the health and accessibility of Austria's banking system and financial services sector.
Key Facts
- Austria had over 17 million deposit accounts at commercial banks as of the latest data.
- The number of deposit accounts has grown steadily over the past decade.
- Austria has a highly banked population with widespread access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial services deposit accounts held at commercial banks in Austria. It provides insights into financial inclusion and the usage of banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for assessing the development and accessibility of Austria's banking sector and financial services. It is used by economists and policymakers to understand financial inclusion and the overall usage of formal banking in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Austria.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to analyze the health and accessibility of Austria's banking system and financial services sector.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing a timely view of deposit account activity in Austria's commercial banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Austria (AUTFCAODCNUM), retrieved from FRED.