Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Finland
FINFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,091,704.00
Year-over-Year Change
-11.21%
Date Range
1/1/2011 - 1/1/2024
Summary
This economic trend measures the number of financial services deposit accounts held at commercial banks in Finland. It provides insights into the usage and reliance on traditional banking services by Finnish consumers and businesses.
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: Accounts at Commercial Banks for Finland series tracks the total number of deposit accounts held at commercial banks operating in Finland. This metric offers valuable data on the adoption and utilization of traditional banking products within the Finnish financial system.
Methodology
The data is collected and reported by the Bank of Finland as part of its ongoing monitoring of the country's banking and financial sector.
Historical Context
This trend is closely watched by policymakers, regulators, and analysts to assess the health and stability of Finland's banking industry and financial services landscape.
Key Facts
- Finland has a highly developed and stable banking sector.
- Deposit accounts are a core product for Finnish consumers and businesses.
- The number of deposit accounts reflects broader trends in financial services usage.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks operating in Finland. It provides insights into the usage and reliance on traditional banking services by Finnish consumers and businesses.
Q: Why is this trend relevant for users or analysts?
A: This trend offers valuable data on the health and stability of Finland's banking industry and financial services landscape, which is closely monitored by policymakers, regulators, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Finland as part of its ongoing monitoring of the country's banking and financial sector.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to assess the overall state of Finland's banking industry and financial services market, informing decisions related to monetary policy, financial stability, and consumer protection.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Finland, with minimal delays. However, the trend may not capture all financial services usage, as it focuses specifically on deposit accounts held at commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Finland (FINFCAODCNUM), retrieved from FRED.