Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Kosovo
KOSFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,622,578.00
Year-over-Year Change
-8.38%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of financial services deposit accounts held at commercial banks in Kosovo. It provides insight into the level of financial inclusion and access to 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 Deposit Accounts: Accounts at Commercial Banks for Kosovo metric tracks the total number of deposit accounts held by individuals and businesses at commercial banks operating in Kosovo. This data point is a key indicator of financial development and the reach of the formal banking system.
Methodology
The data is collected by the Central Bank of Kosovo through reports from commercial banks.
Historical Context
Policymakers and economists use this trend to evaluate financial inclusion and access to banking services in Kosovo.
Key Facts
- Kosovo had over 1.2 million deposit accounts at commercial banks as of the latest data.
- The number of deposit accounts has grown by over 30% in the past 5 years.
- Kosovo's deposit account penetration rate is estimated at around 60% of the adult population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by individuals and businesses at commercial banks operating in Kosovo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to banking services in Kosovo, which is an important indicator of economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Kosovo through reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate financial inclusion and access to banking services, which informs policies aimed at promoting economic growth and development in Kosovo.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reference period. There may be some limitations in capturing informal or unregistered accounts.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Kosovo (KOSFCAODCNUM), retrieved from FRED.