Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Georgia
GEOFCDODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,945,834.00
Year-over-Year Change
28.06%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of household depositors at commercial banks in Georgia. It provides insights into the use of financial services and household participation in the banking system.
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: Number of Depositors which are Households at Commercial Banks for Georgia tracks the total number of household accounts held at commercial banks within the state of Georgia. This metric offers valuable data on the level of household engagement with the formal banking sector.
Methodology
The data is collected through surveys and reporting from commercial banks operating in Georgia.
Historical Context
This trend is useful for policymakers and analysts assessing household financial inclusion and the accessibility of banking services.
Key Facts
- Georgia has over 4 million household bank depositors.
- Household deposits account for 75% of total commercial bank deposits in Georgia.
- The number of household depositors has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of household accounts held at commercial banks within the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of household participation in the formal banking system, which is an important indicator of financial inclusion and access to financial services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks operating in Georgia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess household financial inclusion and the accessibility of banking services within the state.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some reporting lags from financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Georgia (GEOFCDODCHPENUM), retrieved from FRED.