Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Spain
ESPFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,057.16
Year-over-Year Change
-52.64%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Spain. It provides insight into the financial inclusion and banking participation of the Spanish population.
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: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Spain' series tracks the number of deposit accounts held with commercial banks per 1,000 adults in Spain. This metric serves as an indicator of financial inclusion and access to basic banking services within the Spanish economy.
Methodology
The data is collected through surveys and reporting from commercial banks operating in Spain.
Historical Context
This trend is used by policymakers and economists to assess financial market development and banking sector penetration.
Key Facts
- Spain had 1,413 deposit accounts per 1,000 adults in 2020.
- The number of deposit accounts has increased by 8% since 2015.
- Financial inclusion is a key priority for the Spanish government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with commercial banks per 1,000 adults in Spain. It provides an indicator of financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial inclusion and development of the Spanish banking sector. It is used by policymakers and economists to assess progress in financial market access and participation.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks operating in Spain.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the effectiveness of initiatives aimed at promoting financial inclusion and expanding access to basic banking services in Spain.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months after the reference period. There may also be limitations in capturing informal or unregulated financial activities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Spain (ESPFCAODCANUM), retrieved from FRED.