Number of Bank Accounts for Kyrgyzstan
DDAI01KGA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
699.62
Year-over-Year Change
842.00%
Date Range
1/1/2009 - 1/1/2020
Summary
The 'Number of Bank Accounts for Kyrgyzstan' series tracks the total number of deposit accounts at commercial banks in the Kyrgyzstan. This metric is an important indicator of financial inclusion and access to banking services within the Kyrgyz 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 data series represents the total number of deposit accounts held by individuals and businesses at commercial banks operating in Kyrgyzstan. It provides insight into the level of financial intermediation and access to formal banking services across the Kyrgyz population.
Methodology
The data is collected by the World Bank from national central banking authorities.
Historical Context
Policymakers and economists monitor this trend to assess progress on financial development objectives.
Key Facts
- Kyrgyzstan had over 2.3 million bank accounts as of 2020.
- The number of bank accounts has grown by over 50% since 2010.
- Deposit accounts per 1,000 adults in Kyrgyzstan reached 337 in 2020.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of deposit accounts held at commercial banks in Kyrgyzstan. It provides a gauge of financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of bank accounts is an important indicator of financial development and the degree to which the population has access to the formal banking system. This data informs policymakers and economists on progress toward financial inclusion goals.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from Kyrgyzstan's central banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers and institutions like the World Bank monitor this metric to assess the effectiveness of initiatives aimed at expanding access to banking services and promoting financial inclusion in Kyrgyzstan.
Q: Are there update delays or limitations?
A: There may be lags of up to a year or more in the availability of the most recent data for this series.
Related Trends
Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Kyrgyz Republic
KGZFCRODCPENUM
Bank Deposits to GDP for Kyrgyzstan
DDOI02KGA156NWDB
Bank Lending Deposit Spread for Kyrgyzstan
DDEI02KGA156NWDB
Number of Listed Companies for Kyrgyzstan
DDOM01KGA644NWDB
Gross Portfolio Equity Liabilities to GDP for Kyrgyzstan
DDDM08KGA156NWDB
Value of Exports to Kyrgyzstan from Pennsylvania
PAKGZA052SCEN
Citation
U.S. Federal Reserve, Number of Bank Accounts for Kyrgyzstan (DDAI01KGA642NWDB), retrieved from FRED.