Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Belize
BLZFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263,269.00
Year-over-Year Change
37.90%
Date Range
1/1/2011 - 1/1/2024
Summary
This economic trend measures the use of financial services deposit accounts at commercial banks in Belize. It provides insights into the level of financial inclusion and access to formal banking services 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 Deposit Accounts: Accounts at Commercial Banks for Belize metric tracks the number of deposit accounts held by individuals and businesses at commercial banks operating in Belize. It serves as an indicator of financial sector development and the extent to which the population is integrated into the formal banking system.
Methodology
The data is collected by the Central Bank of Belize through surveys of commercial banks operating in the country.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the financial health and inclusion of the Belizean population.
Key Facts
- Belize has a population of over 415,000 as of 2021.
- The number of deposit accounts at commercial banks in Belize has steadily increased in recent years.
- Financial inclusion is a key priority for the government of Belize to promote economic growth and reduce poverty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held by individuals and businesses at commercial banks operating in Belize.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to formal banking services within Belize, which is important for assessing the country's economic development and financial sector health.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Belize through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the financial health and inclusion of the Belizean population, which informs policy decisions related to promoting economic growth and reducing poverty.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and practices of the commercial banks and the Central Bank of Belize, which may result in occasional update delays or limitations in data coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Belize (BLZFCAODCNUM), retrieved from FRED.