Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Brunei Darussalam
BRNFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
892,024.00
Year-over-Year Change
79.47%
Date Range
1/1/2008 - 1/1/2021
Summary
This economic trend measures the total number of financial services deposit accounts held at commercial banks in Brunei Darussalam. It provides insights into the level of financial inclusion and banking activities within 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 Deposit Accounts: Accounts at Commercial Banks for Brunei Darussalam metric tracks the total number of deposit accounts maintained by individuals and businesses at commercial banks operating in Brunei. This data point is used by economists and policymakers to analyze financial sector development and assess the extent of public engagement with the formal banking system.
Methodology
The data is collected directly from Brunei's central bank and commercial banking institutions.
Historical Context
This trend is monitored by international organizations and analysts to gauge the financial health and stability of Brunei's economy.
Key Facts
- Brunei has one of the highest rates of financial account ownership in Southeast Asia.
- The number of deposit accounts has grown steadily over the past decade.
- Commercial banks play a crucial role in Brunei's financial ecosystem.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by individuals and businesses at commercial banks operating in Brunei Darussalam.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of financial inclusion and the overall health of Brunei's banking sector, which is crucial for economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected directly from Brunei's central bank and commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations monitor this trend to assess the effectiveness of financial inclusion initiatives and to gauge the overall stability of Brunei's financial system.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly or annual basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Brunei Darussalam (BRNFCAODCNUM), retrieved from FRED.