Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Belize
BLZFCRODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.99
Year-over-Year Change
101.92%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures the number of borrowers from credit unions and financial cooperatives per 1,000 adults in Belize. It provides insights into the utilization of financial services and access to credit within the Belizean economy.
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 Credit Unions and Financial Cooperatives Per 1000 Adults for Belize' metric tracks the rate of borrowing from non-bank financial institutions in Belize. This data point is used by economists and policymakers to assess financial inclusion and the role of alternative credit providers in the Belizean financial system.
Methodology
The data is collected through surveys and reporting from credit unions and financial cooperatives operating in Belize.
Historical Context
This trend is relevant for understanding access to financial services and the role of non-traditional lenders in Belize's economy.
Key Facts
- Belize has over 20 credit unions and financial cooperatives.
- The borrower rate from these institutions was 193 per 1,000 adults in 2020.
- Credit unions are an important source of financing for small businesses in Belize.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from credit unions and financial cooperatives per 1,000 adults in Belize, providing insights into the utilization of alternative financial services.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for assessing financial inclusion and the role of non-bank lenders in Belize's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from credit unions and financial cooperatives operating in Belize.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists seeking to understand access to financial services and the importance of alternative credit providers in Belize.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from credit unions and cooperatives, and may not capture all informal or unregistered financial service providers.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Belize (BLZFCRODUANUM), retrieved from FRED.