Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Morocco
MARFCAODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,019.75
Year-over-Year Change
52.15%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household deposit accounts with commercial banks per 1,000 adults in Morocco. It provides insights into financial inclusion and the use of banking services by the Moroccan 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: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Morocco' metric tracks the accessibility and utilization of basic banking services in the country. It is an important indicator of financial inclusion and can inform policymakers and analysts about trends in household financial behavior.
Methodology
The data is collected by the World Bank through surveys and national statistics.
Historical Context
This metric is widely used by economists, policymakers, and development organizations to assess financial sector development and progress toward financial inclusion goals.
Key Facts
- Morocco had 732 household deposit accounts per 1,000 adults in 2017.
- The number of accounts has increased by 47% since 2004.
- Financial inclusion is a key priority for the Moroccan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household deposit accounts with commercial banks per 1,000 adults in Morocco. It provides insights into financial inclusion and the use of basic banking services by the Moroccan population.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial inclusion and can inform policymakers and analysts about trends in household financial behavior and the accessibility of banking services in Morocco.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and national statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and development organizations to assess financial sector development and progress toward financial inclusion goals in Morocco.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Morocco (MARFCAODCHANUM), retrieved from FRED.