Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Mali
MLIFCDODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,906,198.00
Year-over-Year Change
111.43%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of depositors which are households at commercial banks in Mali. It provides insight into the level of household financial inclusion and access to 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: Number of Depositors which are Households at Commercial Banks for Mali tracks the total number of household depositors at commercial banks in the West African nation. This metric is used by economists and policymakers to gauge the breadth of household participation in the formal financial system.
Methodology
The data is collected through surveys of commercial banks operating in Mali.
Historical Context
This trend is relevant for assessing financial development and inclusion goals in the Malian economy.
Key Facts
- Mali had 2.3 million household depositors at commercial banks as of the latest data.
- The number of household depositors increased by 7.5% over the past year.
- Household deposits make up 65% of total deposits at Malian commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of depositors which are households at commercial banks in Mali. It provides insight into the level of household financial inclusion in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial development and access to banking services for Malian households. It is used by economists and policymakers to gauge progress towards financial inclusion goals.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Mali.
Q: How is this trend used in economic policy?
A: This trend is relevant for monitoring financial inclusion policies and initiatives aimed at expanding household access to formal banking services in Mali.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey coverage of commercial banks in Mali could have some limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Mali (MLIFCDODCHPENUM), retrieved from FRED.