Number of Bank Accounts for Gabon
DDAI01GAA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205.12
Year-over-Year Change
44.75%
Date Range
1/1/2008 - 1/1/2013
Summary
The 'Number of Bank Accounts for Gabon' trend measures the total number of deposit accounts held by residents and nonresidents in commercial banks in Gabon. This metric provides insight into the level of financial inclusion and banking penetration in the Gabonese economy.
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
This series represents the total number of deposit accounts, including checking, savings, and time deposit accounts, held with commercial banks in Gabon. It serves as an indicator of financial access and usage within the country, which is an important factor in economic development and stability.
Methodology
The data is collected by the World Bank from national central bank sources.
Historical Context
Policymakers and economists analyze this trend to gauge the degree of financial inclusion and the effectiveness of initiatives to expand banking services.
Key Facts
- Gabon had over 1 million bank accounts as of the latest data.
- The number of bank accounts per 1,000 adults in Gabon is 485.
- Gabon's banking sector is dominated by a few large commercial banks.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Accounts for Gabon' trend measures the total number of deposit accounts held by residents and nonresidents in commercial banks in Gabon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and banking penetration in the Gabonese economy, which is an important factor in economic development and stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national central bank sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to gauge the degree of financial inclusion and the effectiveness of initiatives to expand banking services.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or inconsistencies in data collection across different sources.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Gabon (DDAI01GAA642NWDB), retrieved from FRED.