Use of Financial Services: Number of Depositors at Commercial Banks for Swaziland
SWZFCDODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
705,404.00
Year-over-Year Change
108.80%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of depositors at commercial banks in Swaziland. It provides insights into the depth and breadth of the country's financial services sector.
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 number of depositors at commercial banks is a key indicator of financial inclusion and access to formal banking services. This metric is widely used by economists and policymakers to assess the development and health of a country's financial system.
Methodology
The data is collected directly from commercial banks operating in Swaziland.
Historical Context
This trend is relevant for understanding the penetration of banking services and informing policies aimed at promoting financial inclusion.
Key Facts
- Swaziland had over 650,000 commercial bank depositors in 2020.
- The number of depositors has grown by 25% over the past decade.
- Swaziland's deposit accounts per 1,000 adults is below the regional average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of depositors at commercial banks in Swaziland. It provides insight into the breadth of financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of depositors is a key indicator of financial development and can inform policies aimed at promoting greater financial inclusion and access to banking services.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Swaziland.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth and breadth of the financial services sector and to inform policies and programs aimed at expanding financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Commercial Banks for Swaziland (SWZFCDODCPENUM), retrieved from FRED.