Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Brazil
BRAFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172,854,857.00
Year-over-Year Change
91.55%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the use of financial services deposit accounts at commercial banks in Brazil. It is a key indicator of financial inclusion and 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 Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Brazil metric tracks the total number of deposit accounts held at commercial banks within the Brazilian financial system. This provides insight into the level of access and usage of basic banking services by the Brazilian population.
Methodology
The data is collected and reported by the Central Bank of Brazil.
Historical Context
This trend is used by economists and policymakers to assess financial inclusion and monitor the development of Brazil's banking sector.
Key Facts
- Brazil has over 200 million deposit accounts at commercial banks.
- The number of deposit accounts has grown by 50% in the past decade.
- Financial inclusion remains a key policy priority in Brazil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks within the Brazilian financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to basic banking services in Brazil, which is a key indicator of economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Brazil.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial inclusion and monitor the development of Brazil's banking sector.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insight into the Brazilian financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Brazil (BRAFCAODCNUM), retrieved from FRED.