Account used for business purposes (% age 15+)

This metric reflects the proportion of individuals aged 15 and older who engage with formal financial institutions specifically for business-related transactions, whether exclusively or alongside personal financial activities. It serves as a crucial indicator of entrepreneurial engagement within a population, spotlighting the reliance on institutional financial services for driving economic activities. By analyzing this percentage, we can gain insights into the accessibility and utilization of banking services for small businesses and entrepreneurs, which are vital for economic growth. Furthermore, increases in this figure may signify enhanced financial literacy and confidence among respondents, indicating a trend toward formalizing business operations and improving financial health in communities. Source: