Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Bolivia
BOLFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,075.94
Year-over-Year Change
270.58%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Bolivia. It provides insights into financial inclusion and the use of formal banking services by the 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, Deposit Accounts with Commercial Banks Per 1000 Adults for Bolivia' series tracks the ratio of deposit accounts with commercial banks to the adult population in Bolivia. This metric serves as an indicator of financial inclusion and the level of access to basic banking services within the country.
Methodology
The data is collected and calculated by the World Bank based on information provided by national central banks and financial regulators.
Historical Context
This trend is used by policymakers, economists, and financial institutions to monitor financial sector development and progress towards increasing access to formal banking services.
Key Facts
- Bolivia had 743 deposit accounts per 1,000 adults in 2020.
- The number of deposit accounts per 1,000 adults has increased by 38% since 2010.
- Financial inclusion is a key development goal for the Bolivian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Bolivia, providing insight into financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and financial institutions to monitor progress towards increasing access to formal banking services and financial inclusion in Bolivia.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by Bolivia's central bank and financial regulators.
Q: How is this trend used in economic policy?
A: This trend is used by Bolivian policymakers and institutions to assess and inform policies aimed at improving financial inclusion and development of the banking sector.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a delay of up to two years in the most recent data available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Bolivia (BOLFCAODCANUM), retrieved from FRED.