Use of Financial Services: Number of Depositors at Other Depository Corporations for Brunei Darussalam
BRNFCDODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
547,706.00
Year-over-Year Change
28.91%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the number of depositors at other depository corporations in Brunei Darussalam. It provides insight into the usage and access to financial 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: Number of Depositors at Other Depository Corporations for Brunei Darussalam' series tracks the total number of depositors at institutions like banks and credit unions in Brunei. This metric is used to evaluate financial inclusion and the public's engagement with the formal banking system.
Methodology
The data is collected through surveys and reporting from financial institutions operating in Brunei Darussalam.
Historical Context
This trend is relevant for policymakers and analysts examining financial development and access to banking services in Brunei.
Key Facts
- Brunei has a population of over 428,000 as of 2020.
- The number of depositors has grown by over 50% since 2010.
- Approximately 75% of Bruneian adults have a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of depositors at other depository corporations, such as banks and credit unions, in Brunei Darussalam.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to formal banking services in Brunei, which is important for evaluating economic development and financial sector growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions operating in Brunei Darussalam.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to examine financial development and access to banking services in Brunei, which can inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in the number of depositors.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Depository Corporations for Brunei Darussalam (BRNFCDODPENUM), retrieved from FRED.