Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Mozambique
MOZFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
295.90
Year-over-Year Change
80.29%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Mozambique. It provides insights into financial inclusion and the accessibility of basic banking services.
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 Mozambique' metric tracks the level of financial inclusion and access to formal banking in the country. It is a key indicator of economic development and the ability of the population to participate in the formal financial system.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) Database.
Historical Context
This trend is closely monitored by policymakers, development organizations, and financial institutions to assess progress towards improving financial inclusion in Mozambique.
Key Facts
- Mozambique had 288 deposit accounts per 1,000 adults in 2017.
- Financial inclusion has increased in Mozambique over the past decade.
- Access to banking services remains a challenge in rural areas of Mozambique.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Mozambique. It is an indicator of financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to the formal banking system in Mozambique, which is crucial for understanding economic development and growth.
Q: How is this data collected or calculated?
A: The 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: This trend is closely monitored by policymakers, development organizations, and financial institutions to assess progress towards improving financial inclusion in Mozambique.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in reporting and potential limitations in data collection, especially in remote or underserved areas.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Mozambique (MOZFCAODCANUM), retrieved from FRED.