Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Mauritania
MRTFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
472.35
Year-over-Year Change
278.25%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Mauritania, providing insights into financial inclusion and access to formal 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 Mauritania' series tracks the density of deposit accounts held with commercial banks in Mauritania, which is an important indicator of financial inclusion and the development of the banking sector.
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 used by policymakers, development economists, and financial institutions to assess progress in expanding access to formal banking services.
Key Facts
- Mauritania had 144 deposit accounts per 1,000 adults in 2017.
- The number of deposit accounts per 1,000 adults increased by 34% from 2014 to 2017.
- Access to formal banking services remains limited in Mauritania compared to global averages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with commercial banks per 1,000 adults in Mauritania, which is an indicator of financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the development and penetration of the banking sector in Mauritania, which is crucial for understanding financial inclusion and economic 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: Policymakers, development economists, and financial institutions use this trend to assess progress in expanding access to formal banking services and to inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated every 3 years, with the most recent data available for 2017. The trend may not capture short-term fluctuations in deposit account density.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Mauritania (MRTFCAODCANUM), retrieved from FRED.