Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Comoros
COMFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.36
Year-over-Year Change
96.69%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of depositors with commercial banks per 1,000 adults in Comoros. It provides insights into financial inclusion and the utilization of banking services by the population.
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: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Comoros' metric tracks the ratio of commercial bank account holders to the total adult population in Comoros. This indicator is used to assess financial access and the degree of financial inclusion within the country.
Methodology
The data is collected by the International Monetary Fund (IMF) through surveys and national-level reporting.
Historical Context
This indicator is relevant for policymakers and economists analyzing financial development and assessing financial inclusion initiatives in Comoros.
Key Facts
- Comoros had 275 depositors per 1,000 adults in 2020.
- Financial inclusion has increased in Comoros over the past decade.
- Access to banking services remains a challenge in parts of Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of adults with accounts at commercial banks per 1,000 adults in Comoros, providing insights into financial inclusion and banking service utilization.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the level of financial inclusion and access to banking services in Comoros, which is crucial for economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected by the International Monetary Fund (IMF) through surveys and national-level reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze financial development, monitor financial inclusion initiatives, and inform policies aimed at improving access to banking services in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and there could be limitations in coverage or reporting accuracy, as with any nationally aggregated metric.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Comoros (COMFCDODCANUM), retrieved from FRED.