Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Albania
ALBFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.32
Year-over-Year Change
10.49%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Albania, providing insights into the use of financial services and access to credit 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, Borrowers from Commercial Banks Per 1000 Adults for Albania' series tracks the rate of commercial bank borrowing among the adult population in Albania. This metric is used by economists and policymakers to assess financial inclusion and the overall development of the banking sector.
Methodology
The data is collected and reported by the Central Bank of Albania.
Historical Context
This trend is relevant for analyzing financial market conditions and informing policies aimed at promoting greater access to credit and banking services.
Key Facts
- Albania's commercial bank borrowers per 1,000 adults was 337.2 in 2020.
- The trend has shown steady growth since 2010, indicating improving financial inclusion.
- Increasing access to credit is a key policy priority for Albania's economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Albania, providing insights into the use of financial services and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess financial inclusion and the overall development of the banking sector in Albania, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Albania.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing financial market conditions and informing policies aimed at promoting greater access to credit and banking services in Albania.
Q: Are there update delays or limitations?
A: The data is reported with minimal delay and provides a comprehensive view of commercial bank borrowing in Albania.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Albania (ALBFCRODCANUM), retrieved from FRED.