Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Fiji
FJIFCAODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,498.92
Year-over-Year Change
52.04%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic indicator tracks the number of household deposit accounts with commercial banks per 1,000 adults in Fiji. It provides insights into financial inclusion and the use of banking services by the general population.
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
The household deposit accounts per 1,000 adults metric represents the level of engagement between households and the formal banking system in Fiji. It is an important measure of financial inclusion and can inform policy decisions aimed at improving access to essential financial services.
Methodology
The data is collected and reported by the Central Bank of Fiji.
Historical Context
This indicator is used by policymakers and analysts to assess the development of Fiji's financial sector and progress towards universal financial access.
Key Facts
- Fiji had 742 household deposit accounts per 1,000 adults in 2020.
- Financial inclusion has improved in Fiji, but significant gaps remain.
- Access to banking services is an important driver of economic development.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household deposit accounts with commercial banks per 1,000 adults in Fiji, providing insights into financial inclusion and the use of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the development of Fiji's financial sector and progress towards universal financial access, which is crucial for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Fiji.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to inform decisions aimed at improving access to essential financial services and promoting financial inclusion in Fiji.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection practices of the Central Bank of Fiji.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Fiji (FJIFCAODCHANUM), retrieved from FRED.