Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Bolivia
BOLFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
689,933.00
Year-over-Year Change
211.62%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of persons borrowing from commercial banks in Bolivia. It provides insights into the use of financial services and access to credit in the Bolivian 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 Borrowers: Persons Borrowing from Commercial Banks for Bolivia' series measures the total number of individuals who have obtained loans or credit from commercial banks operating in Bolivia. This metric is used by economists and policymakers to assess financial inclusion and the overall health of the Bolivian banking sector.
Methodology
The data is collected through surveys and reports from commercial banks and financial institutions in Bolivia.
Historical Context
This trend is relevant for understanding financial market dynamics and informing economic policies aimed at promoting financial access and stability.
Key Facts
- Bolivia has a population of over 11 million people.
- The Bolivian banking sector includes more than 12 commercial banks.
- Access to financial services is a key priority for economic development in Bolivia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who have obtained loans or credit from commercial banks operating in Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the overall health of the Bolivian banking sector, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from commercial banks and financial institutions in Bolivia.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding financial market dynamics and informing economic policies aimed at promoting financial access and stability in Bolivia.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and availability from Bolivian financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Bolivia (BOLFCRODCPENUM), retrieved from FRED.