Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Mali
MLIFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.32
Year-over-Year Change
44.42%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household depositors with commercial banks per 1,000 adults in Mali. It provides insight into financial inclusion and the use of formal banking services within the Malian 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 household depositors with commercial banks per 1,000 adults metric tracks the prevalence of household-level engagement with the formal banking system in Mali. This indicator is used by economists and policymakers to assess progress towards improving financial inclusion and access to core financial services.
Methodology
This data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Historical Context
Trends in this metric are closely monitored by institutions focused on economic development and financial sector policies in Mali.
Key Facts
- Mali had 253 household depositors with commercial banks per 1,000 adults in 2017.
- This metric has increased from 211 depositors per 1,000 adults in 2014.
- Financial inclusion remains a key development priority in Mali.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors with commercial banks per 1,000 adults in Mali. It provides insights into the level of financial inclusion and use of formal banking services within the population.
Q: Why is this trend relevant for users or analysts?
A: Trends in household banking access are a key indicator of financial inclusion and economic development. This metric is closely monitored by policymakers and institutions focused on improving access to financial services in Mali.
Q: How is this data collected or calculated?
A: This data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess progress towards improving financial inclusion and access to core banking services in Mali. Trends in this indicator inform policy decisions aimed at expanding formal financial services.
Q: Are there update delays or limitations?
A: The Global Findex data, including this metric for Mali, is updated every 3 years. There may be lags in data availability compared to real-time banking activity.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Mali (MLIFCDODCHANUM), retrieved from FRED.