Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Cote d'Ivoire
CIVFCDODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,363,496.00
Year-over-Year Change
211.41%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of household depositors at commercial banks in Cote d'Ivoire. It provides insights into the use of financial services and banking sector activity 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: Number of Depositors which are Households at Commercial Banks for Cote d'Ivoire' series tracks the total number of household accounts held at commercial banks in Cote d'Ivoire. This metric serves as an indicator of financial inclusion and the public's engagement with the formal banking system.
Methodology
The data is collected by the Central Bank of Cote d'Ivoire.
Historical Context
This trend is useful for policymakers and analysts examining financial sector development and access to banking services.
Key Facts
- Cote d'Ivoire had over 4.5 million household depositors at commercial banks as of the latest data.
- The number of household depositors has grown by over 50% in the past decade.
- Increasing financial inclusion is a key policy goal for the Ivorian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of household accounts held at commercial banks in Cote d'Ivoire, providing insights into financial inclusion and banking sector activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the development of the financial sector and access to banking services in Cote d'Ivoire, which is a key driver of economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial inclusion and inform policies aimed at increasing access to banking services and promoting economic development in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reporting accuracy, as is common with economic statistics in developing countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Cote d'Ivoire (CIVFCDODCHPENUM), retrieved from FRED.