Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Zimbabwe
ZWEFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,313.10
Year-over-Year Change
848.62%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of deposit accounts with commercial banks per 1,000 adults in Zimbabwe. It provides insights into financial inclusion and access to basic 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, Deposit Accounts with Commercial Banks Per 1,000 Adults for Zimbabwe metric measures the level of financial inclusion by tracking the prevalence of basic banking services among the adult population. This data point is valuable for policymakers and analysts seeking to understand financial sector development and access to financial tools.
Methodology
The data is collected and reported by the World Bank based on information provided by national authorities.
Historical Context
This indicator is used to monitor progress towards financial inclusion goals and inform policies aimed at expanding access to banking services.
Key Facts
- Zimbabwe's deposit accounts per 1,000 adults was 314.3 in 2017.
- The metric has increased from 222.3 in 2004 to 314.3 in 2017.
- Financial inclusion is a key development priority in Zimbabwe.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of deposit accounts with commercial banks per 1,000 adults in Zimbabwe, providing insights into financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for policymakers and analysts seeking to understand financial sector development and access to financial tools in Zimbabwe.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by national authorities.
Q: How is this trend used in economic policy?
A: This indicator is used to monitor progress towards financial inclusion goals and inform policies aimed at expanding access to banking services in Zimbabwe.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be delays in reporting or limitations in data collection depending on the capacity of national authorities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1,000 Adults for Zimbabwe (ZWEFCAODCANUM), retrieved from FRED.