Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Kosovo
KOSFCAOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,034,694.00
Year-over-Year Change
168.72%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of financial services deposit accounts held at insurance corporations in Kosovo. It provides insight into the level of financial inclusion and utilization of formal 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 Insurance Corporations for Kosovo' series tracks the total number of deposit accounts held at insurance companies by individuals and businesses in Kosovo. This metric offers valuable data on financial intermediation and access to formal banking channels within the Kosovar economy.
Methodology
The data is collected and reported by the Central Bank of the Republic of Kosovo.
Historical Context
This trend is relevant for policymakers and analysts studying financial development and financial inclusion in Kosovo.
Key Facts
- Kosovo has a population of approximately 1.8 million people.
- The banking sector in Kosovo is dominated by foreign-owned commercial banks.
- Financial inclusion remains a challenge, with only around 50% of adults having a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at insurance companies by individuals and businesses in Kosovo. It provides insight into the level of financial inclusion and utilization of formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and analysts studying financial development and financial inclusion in Kosovo, as it offers valuable data on the degree of financial intermediation and access to formal banking channels within the Kosovar economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Republic of Kosovo.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess the level of financial inclusion and the development of the banking sector in Kosovo, which can inform policies and initiatives aimed at improving access to financial services.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or updates, and the coverage and definitions may change over time. Users should consult the source for the most up-to-date information and any limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Kosovo (KOSFCAOFINUM), retrieved from FRED.