Number of Bank Accounts for Chad
DDAI01TDA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.89
Year-over-Year Change
53.95%
Date Range
1/1/2013 - 1/1/2020
Summary
The 'Number of Bank Accounts for Chad' trend measures the total number of bank accounts held by individuals in Chad. This statistic is important for economists and policymakers to understand financial inclusion and banking sector development 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
This series represents the total number of bank accounts held by individuals in Chad. It is a key indicator of financial access and the depth of the banking system in the country. Policymakers use this data to track progress in expanding financial inclusion and promoting greater use of formal banking services.
Methodology
The data is collected by the World Bank through surveys of financial institutions and national statistical agencies.
Historical Context
Trends in the number of bank accounts are closely monitored by central banks, development agencies, and financial sector analysts to assess the state of financial inclusion and banking penetration in Chad and other developing economies.
Key Facts
- Chad has a population of over 16 million people.
- Only 12% of adults in Chad have a bank account.
- The number of bank accounts per 1,000 adults in Chad is 126.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Bank Accounts for Chad' measures the total number of bank accounts held by individuals in the country. It is an indicator of financial inclusion and banking sector development.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economists, policymakers, and financial sector analysts to understand the level of financial access and penetration of formal banking services in Chad.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of financial institutions and national statistical agencies in Chad.
Q: How is this trend used in economic policy?
A: Trends in the number of bank accounts are used by central banks, development agencies, and other institutions to assess progress in expanding financial inclusion and promoting greater use of formal banking services in Chad.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting and may not capture all informal banking activity in the country.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Chad (DDAI01TDA642NWDB), retrieved from FRED.