Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Brunei Darussalam
BRNFCAODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,459.03
Year-over-Year Change
50.35%
Date Range
1/1/2008 - 1/1/2021
Summary
This economic trend measures the number of household deposit accounts per 1,000 adults in Brunei Darussalam, providing insights into the use of financial services and banking penetration within 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, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Brunei Darussalam' metric tracks the accessibility and adoption of basic banking services, which is an important indicator of financial inclusion and economic development.
Methodology
The data is collected and reported by the Brunei Darussalam central bank.
Historical Context
This trend is widely used by policymakers, financial regulators, and economists to assess the health and penetration of the banking system.
Key Facts
- Brunei Darussalam had 894 household deposit accounts per 1,000 adults in 2020.
- The trend has shown steady growth over the past decade, indicating improved financial access.
- High levels of deposit account penetration are associated with greater economic stability and inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household deposit accounts per 1,000 adults in Brunei Darussalam, providing insights into the use of basic banking services and financial inclusion within the population.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the accessibility and adoption of financial services, which is a key indicator of economic development and financial stability in a country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank of Brunei Darussalam.
Q: How is this trend used in economic policy?
A: Policymakers, financial regulators, and economists use this trend to evaluate the health and penetration of the banking system, and to inform policies aimed at promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a reliable and comprehensive view of household deposit account usage in Brunei Darussalam.
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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 Brunei Darussalam (BRNFCAODCHANUM), retrieved from FRED.