Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Morocco
MARFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,245.98
Year-over-Year Change
72.27%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of deposit accounts with commercial banks per 1,000 adults in Morocco. It provides insights into financial inclusion and the accessibility of banking services for the Moroccan 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 'Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Morocco' metric represents the level of engagement with formal banking systems among Moroccan adults. This data point is used by economists and policymakers to assess financial inclusion and the penetration of basic banking services across the population.
Methodology
The data is collected and reported by the World Bank, based on surveys and administrative records from Moroccan financial institutions.
Historical Context
This indicator is relevant for understanding the development of Morocco's financial sector and the ability of its citizens to access banking services.
Key Facts
- Morocco had 651 deposit accounts per 1,000 adults in 2017.
- Financial inclusion has increased in Morocco over the past decade.
- Expanding access to banking services is a policy priority for the Moroccan government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of deposit accounts held with commercial banks per 1,000 adults in Morocco. It provides a metric for financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the development of Morocco's financial sector and the ability of its citizens to access banking services, which is an important component of economic growth and stability.
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 from Moroccan financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess financial inclusion and the penetration of basic banking services across the Moroccan population, which informs policies aimed at expanding access to financial services.
Q: Are there update delays or limitations?
A: The data is published annually with a potential delay of 1-2 years. It may not capture all informal financial activities outside the formal banking system.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Morocco (MARFCAODCANUM), retrieved from FRED.