Number of Bank Accounts for Namibia
DDAI01NAA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,220.97
Year-over-Year Change
679.48%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Accounts for Namibia' trend measures the total number of deposit accounts held at commercial banks in Namibia. This metric provides insight into the level of financial inclusion and banking penetration within the Namibian 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 economic indicator tracks the total number of deposit accounts, including both personal and business accounts, maintained at licensed commercial banks operating in Namibia. It serves as a proxy for the degree of access to formal banking services across the Namibian population and business sector.
Methodology
The data is collected and reported by the World Bank based on information provided by the central bank and banking regulators in Namibia.
Historical Context
Policymakers and financial analysts use this trend to assess the financial health and development of the Namibian banking system and broader economy.
Key Facts
- Namibia had over 1.4 million bank accounts as of the latest data.
- The number of bank accounts per 1,000 adults in Namibia is 571.
- Namibia's banking sector accounts for over 50% of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Accounts for Namibia' metric tracks the total number of deposit accounts held at commercial banks operating within Namibia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to formal banking services across the Namibian population and business sector.
Q: How is this data collected or calculated?
A: The data is reported by the World Bank based on information provided by Namibia's central bank and financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to assess the development and health of Namibia's banking system and broader economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in Namibia's banking sector.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Namibia (DDAI01NAA642NWDB), retrieved from FRED.