Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Solomon Islands
SLBFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
467.59
Year-over-Year Change
59.12%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures the number of depositors with commercial banks per 1,000 adults in Solomon Islands. It provides insights into the use and adoption of formal 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: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Solomon Islands' trend tracks the level of financial inclusion and access to banking services in the Solomon Islands. This metric is important for evaluating the reach and penetration of the formal financial system within the adult population.
Methodology
The data is collected and calculated by the World Bank using national household survey and administrative data.
Historical Context
This indicator is relevant for policymakers and financial sector analysts seeking to understand financial inclusion and development in Solomon Islands.
Key Facts
- Solomon Islands had 271 depositors per 1,000 adults in 2017.
- Financial inclusion has increased in Solomon Islands over the past decade.
- Access to formal banking remains a challenge in remote and rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with commercial banks per 1,000 adults in Solomon Islands. It provides insights into the use and adoption of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for evaluating financial inclusion and the reach of the formal banking system within the adult population of Solomon Islands.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national household survey and administrative data.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and financial sector analysts seeking to understand financial inclusion and development in Solomon Islands.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in reporting for some years.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Solomon Islands (SLBFCDODCANUM), retrieved from FRED.