Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Kiribati
KIRFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182.06
Year-over-Year Change
22.50%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic indicator tracks the number of household depositors with commercial banks per 1,000 adults in Kiribati, providing insights into financial inclusion and the use of banking services.
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: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Kiribati' metric measures financial inclusion by quantifying the accessibility and adoption of formal banking services among the adult population in Kiribati.
Methodology
The data is collected and reported by the International Monetary Fund through household surveys and bank administrative records.
Historical Context
This indicator is used by policymakers, economists, and financial institutions to assess financial development and inclusion within Kiribati's economy.
Key Facts
- Kiribati has a population of around 120,000 people.
- The number of household depositors per 1,000 adults in Kiribati was 388 in 2017.
- Financial inclusion is a key priority for Kiribati's economic and social development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of household depositors with commercial banks per 1,000 adults in Kiribati, providing insights into 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 assessing financial development and inclusion within Kiribati's economy, which is crucial for policymakers, economists, and financial institutions to understand.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund through household surveys and bank administrative records.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and financial institutions to evaluate financial inclusion and development within Kiribati's economy, informing policy decisions and strategies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential delays in reporting, as it relies on household surveys and administrative records.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Kiribati (KIRFCDODCHANUM), retrieved from FRED.