Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Fiji
FJIFCAODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,084,385.00
Year-over-Year Change
74.42%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of financial services deposit accounts held at commercial banks in Fiji. It provides insights into the use of formal banking services and financial inclusion 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 Fiji metric tracks the total number of deposit accounts held at commercial banks in Fiji. It serves as an indicator of financial access and the degree to which the population utilizes formal banking services.
Methodology
The data is collected and reported by the Central Bank of Fiji.
Historical Context
This trend is relevant for policymakers and analysts studying financial inclusion and the development of Fiji's banking sector.
Key Facts
- Fiji had over 1 million deposit accounts at commercial banks as of the latest data.
- The number of deposit accounts has grown steadily in recent years, indicating improved financial access.
- Deposit accounts per capita is a key metric for monitoring financial inclusion in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held at commercial banks in Fiji. It provides an indicator of financial inclusion and the use of formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial access and the development of Fiji's banking sector. It helps policymakers and economists assess progress in expanding financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Fiji.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this metric to monitor financial inclusion and guide policies aimed at increasing access to banking services in Fiji.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Fiji, but may be subject to occasional update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Fiji (FJIFCAODCNUM), retrieved from FRED.