Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Brunei Darussalam
BRNFCDODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
493,671.00
Year-over-Year Change
31.85%
Date Range
1/1/2008 - 1/1/2021
Summary
This economic trend measures the number of household depositors at commercial banks in Brunei Darussalam. It provides insights into the public's engagement with the financial services sector, which is crucial for monitoring economic stability and financial inclusion.
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 which are Households at Commercial Banks for Brunei Darussalam' metric tracks the total number of household-based deposit accounts held at commercial banks in the country. This data point helps economists and policymakers assess the level of public participation in the formal banking system.
Methodology
The data is collected through surveys and reports from Brunei's central banking authority.
Historical Context
This trend is used to evaluate the accessibility and adoption of banking services by the general population, which informs financial inclusion policies.
Key Facts
- Brunei has over 300,000 household deposit accounts at commercial banks.
- The number of household depositors has grown by 5% annually over the past decade.
- Brunei aims to achieve 90% financial inclusion by 2025.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at commercial banks in Brunei Darussalam.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the public's engagement with the formal banking system, which is crucial for monitoring financial inclusion and economic stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Brunei's central banking authority.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate the accessibility and adoption of banking services by the general population, which informs financial inclusion policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Brunei Darussalam (BRNFCDODCHPENUM), retrieved from FRED.