Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Kiribati
KIRFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233.85
Year-over-Year Change
24.49%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Kiribati. It provides insights into financial inclusion and access to basic banking services 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
The 'Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Kiribati' series tracks the prevalence of deposit accounts held with commercial banks across the adult population in Kiribati. This metric is used to assess financial inclusion and the degree to which the public can access formal banking services.
Methodology
The data is collected and reported by the World Bank based on surveys and administrative records.
Historical Context
This trend is relevant for policymakers and economists analyzing financial development and financial inclusion in Kiribati.
Key Facts
- Kiribati had 595 deposit accounts per 1,000 adults in 2017.
- The number of deposit accounts has increased by 47% since 2011.
- Access to banking services remains a challenge in many Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with commercial banks per 1,000 adults in Kiribati. It provides insight into financial inclusion and access to basic banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial development and the degree to which the public in Kiribati can access formal banking services, which is a key component of financial inclusion and economic progress.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze financial inclusion and development in Kiribati, which can inform policies aimed at expanding access to banking services and promoting broader economic growth.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay of up to a year before the latest figures are available. Additionally, the data may be subject to survey and reporting limitations common in developing economies.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Kiribati (KIRFCAODCANUM), retrieved from FRED.