Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Cabo Verde
CPVFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,525.72
Year-over-Year Change
4.15%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of depositors with commercial banks per 1,000 adults in Cabo Verde. It provides insight into financial inclusion and access to basic banking 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 'Depositors with Commercial Banks Per 1,000 Adults' metric represents the number of adults who have an account at a commercial bank in Cabo Verde. This statistic is a key indicator of financial services usage and can inform policies aimed at improving financial inclusion.
Methodology
The data is collected through surveys and reports from Cabo Verde's central bank and national statistics agency.
Historical Context
Policymakers and economists monitor this trend to gauge the breadth of financial services access and adoption within the population.
Key Facts
- Cabo Verde had 639 depositors per 1,000 adults in 2020.
- Financial inclusion has improved in Cabo Verde over the past decade.
- Access to banking services varies across urban and rural areas in Cabo Verde.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of adults in Cabo Verde who have an account at a commercial bank per 1,000 people. It's a metric of financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding the breadth of financial services usage in Cabo Verde and informing policies to improve financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Cabo Verde's central bank and national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess financial inclusion and develop strategies to expand access to banking and other financial services.
Q: Are there update delays or limitations?
A: There may be some time lags in data reporting, and the metric may not capture all informal financial activities in the country.
Related Trends
Fertility Rate, Total for Cape Verde
SPDYNTFRTINCPV
Constant GDP per capita for Cape Verde
NYGDPPCAPKDCPV
Gross Portfolio Equity Liabilities to GDP for Cape Verde
DDDM08CVA156NWDB
U.S. Exports of Goods by F.A.S. Basis to Cabo Verde
EXP7643
Cash surplus/deficit (% of GDP) for Cape Verde
CASHBLCVA188A
Central Bank Assets to GDP for Cape Verde
DDDI06CVA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Cabo Verde (CPVFCDODCANUM), retrieved from FRED.