Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Namibia
NAMFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
408.45
Year-over-Year Change
-3.91%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of household depositors with commercial banks per 1,000 adults in Namibia, providing insights into financial inclusion and the use of 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, Household Depositors with Commercial Banks Per 1000 Adults for Namibia' metric measures the level of financial inclusion by quantifying the accessibility and usage of commercial banking services by households in Namibia.
Methodology
The data is collected and calculated by the World Bank, based on information provided by national central banks and statistical agencies.
Historical Context
This indicator is used by policymakers and analysts to assess the development of Namibia's financial sector and the extent to which the population has access to formal banking services.
Key Facts
- Namibia had 493 household depositors per 1,000 adults in 2017.
- The indicator has increased from 441 depositors per 1,000 adults in 2011.
- Financial inclusion is a key priority for Namibia's economic development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of household depositors with commercial banks per 1,000 adults in Namibia, providing insights into the level of financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the development of Namibia's financial sector and the extent to which the population has access to and utilizes formal banking services, which is a key driver of economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank, based on information provided by Namibia's central bank and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate the progress of financial inclusion initiatives and to inform policies aimed at expanding access to formal banking services in Namibia.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the time required for data collection and verification by national authorities.
Related Trends
Non-Life Insurance Premium Volume to GDP for Namibia
DDDI10NAA156NWDB
Value of Exports to Namibia from California
CANAMA052SCEN
Number of Identified Exporters to Namibia from Hawaii
HINAMA475SCEN
Use of Financial Services: Key Indicators, Outstanding Balances on Active Mobile Money Accounts for Namibia
NAMFCMAABGGDPPT
Value of Exports to Namibia from Connecticut
CTNAMA052SCEN
Value of Exports to Namibia from Colorado
CONAMA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Namibia (NAMFCDODCHANUM), retrieved from FRED.