Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Bulgaria
BGRFCAODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,611.77
Year-over-Year Change
-18.73%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic indicator tracks the number of household deposit accounts with commercial banks per 1,000 adults in Bulgaria. It provides insights into the level of financial inclusion and banking services usage within 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 'Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Bulgaria' series measures the access and utilization of basic banking services by Bulgarian households. This metric is used by economists and policymakers to assess financial inclusion and the development of the country's banking sector.
Methodology
The data is collected through surveys and reporting by commercial banks operating in Bulgaria.
Historical Context
This indicator is relevant for evaluating financial market development and informing policies aimed at promoting greater access to banking services.
Key Facts
- Bulgaria had 761 household deposit accounts per 1,000 adults in 2020.
- The number of accounts has increased by 24% since 2010.
- Financial inclusion remains a key policy priority in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household deposit accounts with commercial banks per 1,000 adults in Bulgaria, providing insights into the level of financial inclusion and banking services usage.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess financial inclusion and the development of Bulgaria's banking sector, which is important for evaluating financial market progress and informing policies aimed at promoting greater access to banking services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by commercial banks operating in Bulgaria.
Q: How is this trend used in economic policy?
A: This indicator is relevant for evaluating financial market development and informing policies aimed at promoting greater access to banking services in Bulgaria.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may not capture all informal or unregistered financial activity.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Bulgaria (BGRFCAODCHANUM), retrieved from FRED.