Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Solomon Islands
SLBFCAODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.00
Year-over-Year Change
457.14%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts at other deposit takers in the Solomon Islands. It provides insights into the financial services landscape and access 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 Deposit Accounts: Accounts at Other Deposit Takers for Solomon Islands' series tracks the number of deposit accounts held at non-bank financial institutions in the Solomon Islands. This data is valuable for understanding financial inclusion and the development of the broader financial sector.
Methodology
The data is collected through surveys and reports from financial institutions in the Solomon Islands.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess financial access and the overall state of the Solomon Islands' financial system.
Key Facts
- The Solomon Islands is an emerging economy in the Pacific region.
- Financial inclusion is a key development priority for the country.
- Deposit accounts at non-bank institutions are an important indicator of financial access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at non-bank financial institutions in the Solomon Islands, providing insight into financial inclusion and the development of the broader financial sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and financial analysts as it allows them to assess the state of financial access and inclusion in the Solomon Islands, which is crucial for supporting economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions in the Solomon Islands.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and international organizations to monitor and inform policies aimed at promoting financial inclusion and the development of the financial sector in the Solomon Islands.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be limited by the availability of information from financial institutions in the Solomon Islands.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Solomon Islands (SLBFCAODDNUM), retrieved from FRED.