Use of Financial Services Deposit Accounts: Household Accounts at Other Financial Intermediaries for Fiji
FJIFCAOFMHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,309,523.83
Year-over-Year Change
1.62%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the number of household deposit accounts held at financial intermediaries other than banks in Fiji. It provides insight into the use of financial services by households in the Fijian economy.
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: Household Accounts at Other Financial Intermediaries for Fiji series tracks the total number of deposit accounts held by households at non-bank financial institutions in Fiji. This data is used by economists and policymakers to analyze the level of financial inclusion and the development of the broader financial sector in the country.
Methodology
The data is collected by the Fijian central bank through surveys of financial institutions.
Historical Context
This trend is relevant for assessing the health and accessibility of Fiji's financial system from a consumer perspective.
Key Facts
- Fiji has a population of approximately 900,000 people.
- The Fijian economy is heavily dependent on tourism and agriculture.
- Financial inclusion is a key policy priority for the Fijian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at financial institutions in Fiji that are not commercial banks, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of financial inclusion and the development of the broader financial sector in Fiji, which is important for understanding the country's economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Fiji through surveys of non-bank financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers in Fiji use this data to monitor financial inclusion and develop strategies to improve access to financial services for households and businesses.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Other Financial Intermediaries for Fiji (FJIFCAOFMHNUM), retrieved from FRED.