Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Georgia
GEOFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,752.56
Year-over-Year Change
155.18%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in the U.S. state of Georgia. It provides insights into financial inclusion and the adoption of banking services in the state.
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 'Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Georgia' series tracks the availability and utilization of basic banking services by the adult population in Georgia. This metric is used by policymakers and analysts to assess financial inclusion and access to the formal banking system.
Methodology
The data is collected and reported by the U.S. Federal Deposit Insurance Corporation (FDIC).
Historical Context
This trend helps inform policies and programs aimed at promoting financial inclusion and expanding access to banking services in Georgia.
Key Facts
- Georgia had 935 deposit accounts per 1,000 adults in 2020.
- The state's deposit account ratio has increased by 10% over the past decade.
- Financial inclusion remains a key policy priority in Georgia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in the U.S. state of Georgia. It provides insights into financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by policymakers and analysts to assess the level of financial inclusion and access to the formal banking system in Georgia. It helps inform policies and programs aimed at promoting financial inclusion and expanding banking services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: This trend helps inform policies and programs aimed at promoting financial inclusion and expanding access to banking services in Georgia. It is used by policymakers, economists, and financial institutions to monitor and improve financial access in the state.
Q: Are there update delays or limitations?
A: The data is reported annually by the FDIC, so there may be a delay of several months between the end of the reporting period and the public release of the data.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Georgia (GEOFCAODCANUM), retrieved from FRED.