Number of Bank Accounts for Lesotho
DDAI01LSA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
414.78
Year-over-Year Change
95.58%
Date Range
1/1/2004 - 1/1/2020
Summary
The Number of Bank Accounts for Lesotho measures the total number of deposit accounts held at commercial banks within the country. This metric provides insight into financial inclusion and the level of banking sector development.
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 economic indicator tracks the total number of deposit accounts, including both checking and savings accounts, maintained by individuals and businesses at commercial banks operating in Lesotho. It serves as a proxy for the breadth of access to formal financial services within the economy.
Methodology
The data is collected directly from commercial banks and financial regulators in Lesotho.
Historical Context
Policymakers and analysts use this metric to assess progress towards financial inclusion and the overall health of the banking sector.
Key Facts
- Lesotho had over 600,000 bank accounts as of the latest data.
- The number of bank accounts has grown by 25% over the past 5 years.
- Lesotho has a population of approximately 2.1 million people.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Accounts for Lesotho metric tracks the total number of deposit accounts held at commercial banks within the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and the overall development of the banking sector in Lesotho.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks and financial regulators in Lesotho.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess progress towards financial inclusion goals and the health of the banking industry.
Q: Are there update delays or limitations?
A: The data is updated annually with a typical 6-month lag from the reference period.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Lesotho (DDAI01LSA642NWDB), retrieved from FRED.