Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Chad
TCDFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.86
Year-over-Year Change
2326.03%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the number of household depositors with commercial banks per 1,000 adults in Chad, 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, Household Depositors with Commercial Banks Per 1000 Adults for Chad' series tracks the level of formal banking engagement among the adult population in Chad. It is an important indicator of financial inclusion and access to the traditional financial system.
Methodology
The data is collected and reported by the World Bank, based on surveys and national statistics.
Historical Context
This metric is widely used by policymakers, economists, and development institutions to assess financial sector development and progress towards financial inclusion goals.
Key Facts
- Chad has one of the lowest rates of financial inclusion in the world.
- Only about 12% of adults in Chad had a bank account as of 2017.
- The government of Chad is working to expand access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors with commercial banks per 1,000 adults in Chad, providing insight 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 metric is important for assessing financial sector development and progress towards financial inclusion goals in Chad, which is critical for promoting economic growth and improving living standards.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on surveys and national statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and development institutions use this metric to evaluate the performance of the financial sector and the effectiveness of policies aimed at increasing access to formal banking services.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there may be challenges in collecting comprehensive data across all regions of Chad.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Chad (TCDFCDODCHANUM), retrieved from FRED.