Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Kyrgyz Republic
KGZFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,583.71
Year-over-Year Change
921.31%
Date Range
1/1/2009 - 1/1/2023
Summary
This trend measures the number of depositors with commercial banks per 1,000 adults in the Kyrgyz Republic. It provides insight into financial inclusion and the accessibility of banking services for the adult 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 depositors with commercial banks per 1,000 adults indicator offers a snapshot of financial services usage in the Kyrgyz Republic. It is a key metric for evaluating progress towards increasing access to formal banking channels and promoting financial inclusion.
Methodology
The data is collected through surveys and reports from commercial banks operating in the Kyrgyz Republic.
Historical Context
This metric is used by policymakers, economists, and development organizations to assess financial sector development and inform policies aimed at expanding access to financial services.
Key Facts
- The Kyrgyz Republic had 493 depositors with commercial banks per 1,000 adults in 2020.
- Financial inclusion has increased in the Kyrgyz Republic, up from 401 depositors per 1,000 adults in 2011.
- Access to formal banking services remains a challenge, with significant rural-urban disparities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with commercial banks per 1,000 adults in the Kyrgyz Republic. It provides insights into financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating progress towards increasing access to formal banking channels and promoting financial inclusion, which are key policy goals for economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from commercial banks operating in the Kyrgyz Republic.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and development organizations use this metric to assess financial sector development and inform policies aimed at expanding access to financial services.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and there could be limitations in capturing informal financial activities or rural-urban disparities in access.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Kyrgyz Republic (KGZFCDODCANUM), retrieved from FRED.