People 15 Years and Over with Account at a Formal Financial Institution for Gabon
DDAI05GAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.55
Year-over-Year Change
45.42%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of the adult population in Gabon that has an account at a formal financial institution. It is an important indicator of financial inclusion and access to banking services.
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 'People 15 Years and Over with Account at a Formal Financial Institution for Gabon' metric tracks the adult population's engagement with the formal financial system. This data point is used by economists and policymakers to assess progress toward greater financial access and inclusion.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is relevant for understanding the development of Gabon's financial sector and identifying areas for policy interventions to improve financial inclusion.
Key Facts
- Gabon's formal financial inclusion rate was 33.9% in 2017.
- The country aims to increase financial inclusion to 75% by 2025.
- Access to banking services is lower in rural areas compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the adult population in Gabon that has an account at a formal financial institution, such as a bank or credit union.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial inclusion and access to banking services, which are crucial for economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers use this data to assess progress toward financial inclusion goals and identify areas for interventions to improve access to formal banking services.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in reporting, and the survey coverage may not be comprehensive across all regions of Gabon.
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Citation
U.S. Federal Reserve, People 15 Years and Over with Account at a Formal Financial Institution for Gabon (DDAI05GAA156NWDB), retrieved from FRED.