Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Kiribati
KIRFCDODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,689.00
Year-over-Year Change
27.78%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of household depositors at commercial banks in Kiribati, providing insights into the use of financial services in the country.
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: Number of Depositors which are Households at Commercial Banks for Kiribati' metric tracks the total number of household accounts held at commercial banks in Kiribati, a Pacific island nation. This data point is used by economists and policymakers to analyze financial inclusion and the depth of the banking system.
Methodology
The data is collected directly from commercial banks operating in Kiribati.
Historical Context
This metric is relevant for understanding the development of Kiribati's financial sector and informing policies aimed at increasing household access to banking services.
Key Facts
- Kiribati is a Pacific island nation with a population of around 120,000.
- The banking sector in Kiribati is small, with limited financial inclusion.
- Improving access to banking services is a key development priority for Kiribati.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of household deposit accounts held at commercial banks operating in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the development of the banking sector in Kiribati, which is important for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Kiribati.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers in Kiribati and international organizations to monitor and inform policies aimed at increasing household access to banking services and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and limited coverage due to the small size of Kiribati's banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Kiribati (KIRFCDODCHPENUM), retrieved from FRED.