Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Kiribati
KIRFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.02
Year-over-Year Change
21.35%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of depositors with commercial banks per 1,000 adults in Kiribati, providing insight into financial inclusion and access to formal banking services.
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, Depositors with Commercial Banks Per 1000 Adults for Kiribati metric tracks the level of participation in the formal banking system, which is a crucial indicator of financial development and inclusion within the country.
Methodology
The data is collected through surveys and reported by the World Bank.
Historical Context
This metric is used by policymakers and economists to assess financial sector development and monitor progress towards improving access to banking services.
Key Facts
- Kiribati has a population of around 120,000 people.
- The number of depositors with commercial banks per 1,000 adults in Kiribati was 501 in 2017.
- Financial inclusion is a key development goal for many Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with commercial banks per 1,000 adults in Kiribati, providing insight into financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the level of financial development and inclusion within Kiribati, which is an important consideration for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess financial sector development and monitor progress towards improving access to banking services.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential limitations in survey coverage or reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Kiribati (KIRFCDODCANUM), retrieved from FRED.