Use of Financial Services: Number of Depositors at Commercial Banks for Belize
BLZFCDODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
240,607.00
Year-over-Year Change
59.51%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of depositors at commercial banks in Belize. It provides insight into the level of financial inclusion and the use of banking 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 'Use of Financial Services: Number of Depositors at Commercial Banks for Belize' metric tracks the total number of deposit accounts held at commercial banks in Belize. This is an important indicator of financial access and the degree to which the population is utilizing formal banking services.
Methodology
The data is collected and reported by the Central Bank of Belize.
Historical Context
This trend is widely used by policymakers, economists, and financial analysts to evaluate financial inclusion and the development of the banking sector in Belize.
Key Facts
- Belize has a population of approximately 415,000 as of 2021.
- The banking sector in Belize is dominated by 6 commercial banks.
- The number of depositors at commercial banks in Belize has steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks in Belize, providing insight into the level of financial inclusion and the use of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the development and accessibility of the banking sector in Belize, which is crucial for financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Belize.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to evaluate financial inclusion and the overall development of the banking sector in Belize.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Central Bank of Belize, but there may be occasional delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Commercial Banks for Belize (BLZFCDODCPENUM), retrieved from FRED.