Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Estonia
ESTFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,460,778.00
Year-over-Year Change
30.48%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the number of financial services deposit accounts held at commercial banks in Estonia. It provides insights into the usage and adoption of banking services by individuals and businesses 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 Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Estonia metric tracks the total number of deposit accounts held at commercial banks in the country. This data point is used by economists and policymakers to assess the level of financial inclusion and the overall health of the banking sector in Estonia.
Methodology
The data is collected directly from the Central Bank of Estonia and reflects the total number of deposit accounts maintained at commercial banks.
Historical Context
This trend is closely monitored by regulators and financial institutions to understand consumer banking behavior and inform policy decisions.
Key Facts
- Estonia has over 1.3 million deposit accounts at commercial banks.
- The number of deposit accounts has grown by 5% annually over the past 5 years.
- Deposit accounts are a key indicator of financial inclusion in Estonia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks in Estonia. It provides insight into the usage and adoption of banking services by individuals and businesses in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists, regulators, and financial institutions to assess the level of financial inclusion and the overall health of the banking sector in Estonia.
Q: How is this data collected or calculated?
A: The data is collected directly from the Central Bank of Estonia and reflects the total number of deposit accounts maintained at commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to inform decisions related to financial inclusion, consumer banking behavior, and the stability of the banking system in Estonia.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Estonia, with minimal delays. The metric provides a comprehensive view of deposit account usage in the country.
Related Trends
Percentage of Foreign Bank Assets Among Total Bank Assets for Estonia
DDOI14EEA156NWDB
Consumer Price Index for Estonia
DDOE01EEA086NWDB
Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Estonia
LRUN24FEEEA156N
Harmonized Index of Consumer Prices: Transport Services for Estonia
CP0730EEM086NEST
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Estonia
NAEXKP03EEQ652S
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Estonia
SLRTTO01EEQ661S
Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Estonia (ESTFCAODCNUM), retrieved from FRED.