Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Fiji
FJIFCAODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,642.00
Year-over-Year Change
28.31%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of financial services deposit accounts held with deposit takers other than banks in Fiji. It provides insights into the diversity and usage of the Fijian financial system.
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 Other Deposit Takers for Fiji' series tracks the number of deposit accounts held with non-bank financial institutions in Fiji. This metric offers valuable information about financial inclusion and the broader health of the Fijian financial sector.
Methodology
The data is collected and reported by the Fijian central bank.
Historical Context
Policymakers and economists use this trend to assess the reach and penetration of the Fijian financial system.
Key Facts
- Fiji has a population of around 900,000 people.
- Non-bank deposit takers play a significant role in Fiji's financial sector.
- Account ownership is an important metric of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held with non-bank financial institutions in Fiji, providing insights into financial inclusion and the diversity of the Fijian financial system.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the reach and penetration of the Fijian financial sector, which is crucial for policymakers and economists assessing financial inclusion and overall economic development.
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 economists use this trend to evaluate the diversity and accessibility of the Fijian financial system, which informs policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and procedures of the Fijian central bank, so there may be occasional delays in updates or potential limitations in coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Fiji (FJIFCAODDNUM), retrieved from FRED.