Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Chad
TCDFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.56
Year-over-Year Change
110.73%
Date Range
1/1/2013 - 1/1/2022
Summary
This indicator tracks the number of deposit accounts with commercial banks per 1,000 adults in Chad, providing insights into financial inclusion and the use of basic banking 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 1,000 Adults for Chad' metric represents the level of access to and usage of formal banking services by the adult population in Chad. It is a key measure of financial inclusion and development.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Historical Context
This indicator is used by policymakers, researchers, and development organizations to assess progress towards improving financial access and inclusion in Chad.
Key Facts
- Chad has over 60 deposit accounts per 1,000 adults.
- Financial inclusion has increased in Chad in recent years.
- Access to banking services remains a challenge in rural areas.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of deposit accounts held with commercial banks per 1,000 adults in Chad, providing insights into financial inclusion and access to basic banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the level of financial development and access to formal banking services in Chad, which is crucial for promoting economic growth and reducing poverty.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and development organizations use this indicator to assess progress towards improving financial access and inclusion in Chad, which is a key driver of economic development.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in reporting, and the indicator may not capture all informal financial activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1,000 Adults for Chad (TCDFCAODCANUM), retrieved from FRED.