Number of Bank Accounts for the Plurinational State of Bolivia
DDAI01BOA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
532.27
Year-over-Year Change
359.69%
Date Range
1/1/2004 - 1/1/2011
Summary
This economic trend measures the number of bank accounts held by individuals and businesses in the Plurinational State of Bolivia. It provides insights into the level of financial inclusion and banking activity 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 Number of Bank Accounts for the Plurinational State of Bolivia metric tracks the total number of deposit accounts at commercial banks and other deposit-taking institutions. This data point is a key indicator of a country's financial development and access to formal banking services.
Methodology
The data is collected through surveys and reporting from national banking authorities.
Historical Context
Policymakers and analysts use this trend to assess financial inclusion and the growth of the banking sector in Bolivia.
Key Facts
- Bolivia had over 5.8 million bank accounts as of the latest data.
- The number of accounts has grown by over 50% in the past decade.
- Access to banking services remains uneven, with significant rural-urban divides.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks and other deposit-taking institutions in Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and banking activity within the Bolivian economy, which is a key indicator of economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from national banking authorities in Bolivia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial inclusion and the growth of the banking sector, which informs policies aimed at promoting economic development.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and access to banking services can vary significantly across different regions and demographic groups within Bolivia.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for the Plurinational State of Bolivia (DDAI01BOA642NWDB), retrieved from FRED.