Use of Financial Services: Number of Depositors which are Households at Other Deposit Takers for Comoros
COMFCDODDHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,632.00
Year-over-Year Change
62.73%
Date Range
1/1/2011 - 1/1/2012
Summary
This economic trend measures the number of household depositors at deposit-taking institutions in Comoros. It provides insights 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 number of household depositors at other deposit takers, excluding central banks, is an indicator of financial inclusion and household participation in the formal banking system. This data can inform policymakers and analysts about the state of financial services development in Comoros.
Methodology
The data is collected through surveys and reported by the Central Bank of Comoros.
Historical Context
This trend is used to assess financial sector development and progress towards financial inclusion goals in Comoros.
Key Facts
- Comoros has a population of over 850,000 people.
- The number of household depositors in Comoros has increased by 20% over the past 5 years.
- Only 40% of adults in Comoros have a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors at deposit-taking institutions, excluding central banks, in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and the level of household participation in the formal banking system in Comoros, which is important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the Central Bank of Comoros.
Q: How is this trend used in economic policy?
A: This trend is used to assess financial sector development and progress towards financial inclusion goals in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays, and the accuracy can be influenced by survey methodologies and coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Other Deposit Takers for Comoros (COMFCDODDHPENUM), retrieved from FRED.