Use of Financial Services Deposit Accounts: Household Accounts at Other Deposit Takers for Morocco
MARFCAODDHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,361,434.00
Year-over-Year Change
32.16%
Date Range
1/1/2004 - 1/1/2008
Summary
This economic trend measures the number of household deposit accounts held at deposit-taking institutions other than the central bank in Morocco. It provides insights into the use of financial services and access to banking for Moroccan households.
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 Deposit Takers for Morocco' series tracks the total number of deposit accounts held by Moroccan households at banks, credit unions, and other non-central bank deposit-taking institutions. This metric serves as an indicator of financial inclusion and the penetration of formal banking services within the Moroccan economy.
Methodology
The data is collected by the Moroccan central bank through surveys of deposit-taking institutions.
Historical Context
Policymakers and economists use this trend to assess progress on financial development and inclusion objectives.
Key Facts
- Deposit accounts at non-central bank institutions indicate financial inclusion.
- The trend has shown steady growth in Moroccan household banking access.
- Financial inclusion is a key policy priority for the Moroccan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by Moroccan households at banks, credit unions, and other deposit-taking institutions outside the central bank.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to formal banking services for Moroccan households, which is an important indicator of economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Moroccan central bank through surveys of deposit-taking institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess progress on financial inclusion and development objectives in Morocco.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be coverage limitations for some smaller deposit-taking institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Other Deposit Takers for Morocco (MARFCAODDHNUM), retrieved from FRED.