Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Gambia, The
GMBFCAODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
645,660.00
Year-over-Year Change
164.78%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts at other depository corporations in Gambia. It provides insights into the financial inclusion and activity in the country's banking sector.
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 Depository Corporations for Gambia, The metric tracks the number of deposit accounts held at financial institutions other than the central bank. This data point is used to assess the level of financial inclusion and access to formal banking services within the Gambian economy.
Methodology
The data is collected through surveys and reporting from financial institutions in Gambia.
Historical Context
This trend is relevant for policymakers and economists analyzing financial development and inclusion in Gambia.
Key Facts
- Gambia has a population of over 2.4 million people.
- The banking sector in Gambia is dominated by commercial banks.
- Financial inclusion remains a challenge, with only about 21% of adults having a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at financial institutions other than the central bank in Gambia. It provides insights into the level of financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and economists who are interested in understanding the financial development and inclusion in Gambia. It can help inform policies and initiatives aimed at increasing access to financial services and promoting economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Gambia.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the level of financial inclusion and access to formal banking services in Gambia. It can inform policies and initiatives aimed at promoting financial development and economic growth in the country.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be limited by the coverage and accuracy of the underlying surveys and reporting from financial institutions in Gambia.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Gambia, The (GMBFCAODNUM), retrieved from FRED.