Description: Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider
Sub descriptionUnit2019
Proportion of adults (18 years and older) with an account at a bank or other financial institution%65.9
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DATA IDENTIFICATION


Name
Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile money service provider
Indicator purpose

The purpose of this indicator is to measure access to banking and financial institutions.

Abstract

The indicator measures the percentage of adults (ages 15+) who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or personally using a mobile money service in the past 12 months.

Data source

Central Bank of Belize (CBB)

DATA CHARACTERISTICS



Contact organization person

Central Bank of Belize (CBB)

Date last updated
04-OCT-2019
Periodicity

Triennial

Unit of measure

Percentage (%)

Other characteristics

Access to formal financial services such as savings, insurance, payments, credit and remittances is essential to the ability of people—regardless of income level, gender, age, education or where they live— to manage their lives, build their futures, and grow their businesses. Having access to an account is an important starting point for people to access arrange of financial services.

DATA CONCEPTS and CLASSIFICATIONS



Classification used

Account at a financial institution includes respondents who report having an account at a bank or at another type of financial institution, such as a credit union, microfinance institution, cooperative, or the post office (if applicable), or having a debit card in their own name. In addition, it includes respondents who report receiving wages, government transfers, or payments for agricultural products into an account at a financial institution in the past 12 months; paying utility bills or school fees from an account at a financial institution in the past 12 months; or receiving wages or government transfers into a card in the past 12 months.

Mobile money account includes respondents who report personally using GSM Association (GSMA) Mobile Money for the Unbanked (MMU) services in the past 12 months to pay bills or to send or receive money. In addition, it includes respondents who report receiving wages, government transfers, or payments for agricultural products through a mobile phone in the past 12 months.

Disaggregation

is by income, age, education level, urban/rural and gender.

Key statistical concepts

The indicator is based on data collected through individual level surveys in each country with representative samples. Appropriate sampling weights are used in calculating country-level aggregates.

Formula
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OTHER ASPECTS



Recommended uses

This indicator is used to measure the percentage of adults (ages 15+) who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or personally using a mobile money service in the past 12 months.

Limitations

N/A

Other comments

World Bank’s Global Findex database is based on individual level surveys worldwide, conducted every three years. The first round of the survey was done in 2011, and the second in 2014. The third round will be done in 2017. The database covers about 140 countries. 

All the metadata shown in this document was gathered from United Nation Statistics Division. The metadata was extracted from https://unstats.un.org/sdgs/metadata/.