Use of Financial Services: Number of Depositors at Commercial Banks for Cote d'Ivoire
CIVFCDODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,582,433.00
Year-over-Year Change
211.43%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of depositors at commercial banks in Cote d'Ivoire. It provides insights into the level of financial inclusion and access to 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 number of depositors at commercial banks is an important indicator of financial development and inclusion. It reflects the extent to which individuals and businesses are able to access and utilize formal banking services, which is crucial for economic growth and stability.
Methodology
The data is collected by the World Bank through surveys and reports from national central banks and financial authorities.
Historical Context
Policymakers and economists use this trend to assess the progress of financial inclusion initiatives and the overall health of the banking sector.
Key Facts
- Cote d'Ivoire had over 5.6 million depositors at commercial banks in 2020.
- The number of depositors has grown by over 50% since 2010.
- Approximately 40% of the adult population in Cote d'Ivoire has a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors at commercial banks in Cote d'Ivoire, which is an indicator of financial inclusion and access to banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of depositors at commercial banks is an important metric for understanding the level of financial development and inclusion in Cote d'Ivoire, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and reports from national central banks and financial authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the progress of financial inclusion initiatives and the overall health of the banking sector in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Commercial Banks for Cote d'Ivoire (CIVFCDODCPENUM), retrieved from FRED.