Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Kiribati
KIRFCAODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217.17
Year-over-Year Change
25.98%
Date Range
1/1/2011 - 1/1/2013
Summary
This indicator measures the number of household deposit accounts with commercial banks per 1,000 adults in Kiribati. It provides insights into financial inclusion and the use of formal banking services by the population.
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 number of household deposit accounts with commercial banks per 1,000 adults is a key indicator of financial service usage and access. It reflects the degree to which the population in Kiribati utilizes formal banking channels for savings and transactions.
Methodology
The data is collected through surveys and reports from commercial banks operating in Kiribati.
Historical Context
This metric is useful for policymakers and financial institutions to assess financial inclusion and the reach of the formal banking system.
Key Facts
- Kiribati is a Pacific island nation with a population of around 119,000.
- The number of household deposit accounts per 1,000 adults in Kiribati was 522 in 2017.
- Financial inclusion remains a challenge in Kiribati, with limited access to formal banking services.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of household deposit accounts with commercial banks per 1,000 adults in Kiribati. It provides insights into the level of financial inclusion and the use of formal banking services by the population.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers and financial institutions to assess the degree of financial inclusion and the reach of the formal banking system in Kiribati. It helps identify areas for improvement in providing access to financial services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from commercial banks operating in Kiribati.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and financial institutions to evaluate financial inclusion and develop strategies to improve access to formal banking services in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and may not capture all informal financial activities in Kiribati.
Related Trends
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Kiribati
KIRFCBODCNUM
Bank's Cost to Income Ratio for Kiribati
DDEI07KIA156NWDB
Value of Exports to Kiribati from Utah
UTKIRA052SCEN
Number of Identified Exporters to Kiribati from Michigan
MIKIRA475SCEN
Number of Identified Exporters to Kiribati from Idaho
IDKIRA475SCEN
Number of Identified Exporters to Kiribati from New Mexico
NMKIRA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Kiribati (KIRFCAODCHANUM), retrieved from FRED.