Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Swaziland
SWZFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
591,778.00
Year-over-Year Change
61.65%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts held at commercial banks in Swaziland. It provides insight into the usage and accessibility of financial 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 Deposit Accounts: Accounts at Commercial Banks for Swaziland series tracks the total number of deposit accounts held by individuals and businesses at commercial banks operating in Swaziland. This metric helps economists and policymakers assess financial inclusion and the overall development of the nation's banking sector.
Methodology
The data is collected by the Central Bank of Swaziland through surveys of licensed commercial banks.
Historical Context
This indicator is used by economists, regulators, and development agencies to monitor financial sector progress and identify areas for improving access to banking services.
Key Facts
- Swaziland had over 800,000 deposit accounts in 2021.
- The number of deposit accounts has grown by 5% annually since 2015.
- The ratio of deposit accounts to adult population is 55% in Swaziland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by individuals and businesses at commercial banks operating in Swaziland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and the development of Swaziland's banking sector, which are important factors for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Swaziland through surveys of licensed commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Economists, regulators, and development agencies use this indicator to monitor financial sector progress and identify areas for improving access to banking services in Swaziland.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent developments in the banking sector.
Related Trends
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Swaziland
DDOI10SZA156NWDB
People 15 Years and Over Saving at a Financial Institution in the Past Year for Swaziland
DDAI06SZA156NWDB
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Swaziland
SWZFCLODCXDC
Bank Credit to Bank Deposits for Swaziland
DDSI04SZA156NWDB
Stock Market Capitalization to GDP for Swaziland
DDDM01SZA156NWDB
Bank Regulatory Capital to Risk-Weighted Assets for Swaziland
DDSI05SZA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Swaziland (SWZFCAODCNUM), retrieved from FRED.