Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Chad
TCDFCAODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
412,392.00
Year-over-Year Change
788.87%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of household deposit accounts at commercial banks in Chad. It provides insights into the usage of financial services and banking penetration within the Chadian population.
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: Household Accounts at Commercial Banks for Chad series tracks the total number of deposit accounts held by households at commercial banks operating in Chad. This metric helps economists and policymakers assess the level of financial inclusion and access to formal banking services in the country.
Methodology
The data is collected through reports from commercial banks operating in Chad.
Historical Context
This trend is used to inform policies and initiatives aimed at promoting financial inclusion and expanding access to banking services in Chad.
Key Facts
- Chad has a population of over 16 million people.
- Only 12% of Chadian adults had a bank account as of 2017.
- The government aims to increase financial inclusion to 20% by 2023.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at commercial banks operating in Chad. It provides insights into the level of financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the state of financial inclusion and access to banking services in Chad, which is crucial for policymakers and institutions working to promote economic development and financial stability in the country.
Q: How is this data collected or calculated?
A: The data is collected through reports from commercial banks operating in Chad.
Q: How is this trend used in economic policy?
A: This trend is used to inform policies and initiatives aimed at promoting financial inclusion and expanding access to banking services in Chad, which can contribute to economic growth and financial stability.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or limited coverage of the banking sector in Chad.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Chad (TCDFCAODCHNUM), retrieved from FRED.