Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Fiji
FJIFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,633.68
Year-over-Year Change
63.96%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Fiji. It is a key indicator of financial inclusion and access to basic 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 deposit accounts per 1,000 adults metric provides insight into the level of financial services usage and participation in the formal banking system within Fiji. Policymakers and economists use this data to assess financial inclusion and the accessibility of the country's banking infrastructure.
Methodology
This data is collected and reported by the Fiji Bureau of Statistics.
Historical Context
Trends in deposit accounts can inform policies and programs aimed at expanding financial inclusion and access to banking services.
Key Facts
- Fiji has over 1 million deposit accounts with commercial banks.
- The number of deposit accounts per 1,000 adults in Fiji is 1,187 as of the latest data.
- Access to basic banking services is an important driver of economic growth and poverty reduction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Fiji. It is an indicator of financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for policymakers, economists, and financial analysts to assess the level of financial inclusion and accessibility of banking infrastructure in Fiji.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Fiji Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Trends in deposit accounts per 1,000 adults can inform policies and programs aimed at expanding financial inclusion and access to banking services in Fiji.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the Fiji Bureau of Statistics.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Fiji (FJIFCAODCANUM), retrieved from FRED.