Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Swaziland
SWZFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
744.59
Year-over-Year Change
38.16%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts with commercial banks per 1,000 adults in Swaziland. It is an important indicator of financial inclusion and access to formal financial services.
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, Deposit Accounts with Commercial Banks Per 1000 Adults for Swaziland' series tracks the availability and utilization of basic banking services in the country. This data is used by policymakers, researchers, and international organizations to evaluate financial sector development and promote broader access to the formal financial system.
Methodology
The data is collected by the World Bank from national central banks and financial regulatory authorities.
Historical Context
This indicator is often used to assess progress towards the Sustainable Development Goals related to financial inclusion.
Key Facts
- Swaziland had 376 deposit accounts per 1,000 adults in 2017.
- The number of deposit accounts per capita has steadily increased in Swaziland since 2004.
- Access to basic banking services remains a challenge in many developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts with commercial banks per 1,000 adults in Swaziland. It is an indicator of financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This data is important for evaluating financial sector development and progress towards increasing access to basic banking services, which is a key component of economic and social inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national central banks and financial regulatory authorities.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, researchers, and international organizations to assess progress towards the Sustainable Development Goals related to financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually, with some potential delays in reporting from national authorities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Swaziland (SWZFCAODCANUM), retrieved from FRED.