Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Bosnia and Herzegovina
BIHFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,616,294.00
Year-over-Year Change
-16.25%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the use of financial services deposit accounts at commercial banks in Bosnia and Herzegovina. It provides insights into the level of financial inclusion and access to banking services 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 'Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Bosnia and Herzegovina' series tracks the number of deposit accounts held at commercial banks in Bosnia and Herzegovina. This metric is used by economists and policymakers to gauge financial access and the overall development of the country's banking sector.
Methodology
The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Historical Context
This trend is relevant for analyzing financial inclusion and the health of the banking industry in Bosnia and Herzegovina.
Key Facts
- Bosnia and Herzegovina had over 2.3 million deposit accounts at commercial banks as of the latest data.
- The number of deposit accounts has grown by over 10% in the past 5 years.
- Access to financial services remains a key priority for economic development in Bosnia and Herzegovina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at commercial banks in Bosnia and Herzegovina. It provides insights into financial inclusion and access to banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to assess the development and health of Bosnia and Herzegovina's banking sector and financial services industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: This trend is used by institutions and analysts to monitor financial inclusion and guide policies aimed at improving access to banking services in Bosnia and Herzegovina.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Bosnia and Herzegovina, with occasional delays due to data collection and publication processes.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Bosnia and Herzegovina (BIHFCAODCNUM), retrieved from FRED.