Use of Financial Services: Number of Depositors at Commercial Banks for Mali
MLIFCDODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,906,198.00
Year-over-Year Change
88.64%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of depositors at commercial banks in Mali. It provides insights into the level of financial inclusion and banking access within the country's economy.
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 at Commercial Banks for Mali' series tracks the total number of deposit account holders at commercial banks operating in Mali. This metric is an important indicator of financial intermediation and the degree to which the population is integrated into the formal banking system.
Methodology
The data is collected and reported by the Central Bank of West African States.
Historical Context
Policymakers and analysts use this trend to monitor the development of Mali's financial sector and assess progress towards greater financial inclusion.
Key Facts
- Mali has a population of over 20 million people.
- The number of depositors at commercial banks in Mali has steadily increased in recent years.
- Improving financial inclusion is a key development goal for the Malian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit account holders at commercial banks operating in Mali. It provides insights into the level of financial inclusion and access to banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of depositors at commercial banks is an important indicator of financial intermediation and the degree to which the population is integrated into the formal banking system. This metric is relevant for policymakers, economists, and analysts interested in understanding the development of Mali's financial sector and progress towards greater financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of West African States.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the development of Mali's financial sector and assess progress towards greater financial inclusion, which is a key development goal for the Malian government.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the reporting authority. Users should check the latest release dates and any potential limitations in data coverage or methodology.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Commercial Banks for Mali (MLIFCDODCPENUM), retrieved from FRED.