Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Comoros
COMFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.28
Year-over-Year Change
501.14%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic indicator tracks the number of household loan accounts per 1,000 adults held with commercial banks in Comoros, providing insights into financial service usage and access.
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, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Comoros' metric measures the financial inclusion and banking penetration in the country. It is a valuable indicator for policymakers and economists analyzing financial development and access to credit.
Methodology
The data is collected and reported by the Central Bank of Comoros.
Historical Context
This indicator is widely used to assess financial inclusion policies and monitor progress towards greater access to banking services.
Key Facts
- Comoros had 66.13 household loan accounts per 1,000 adults in 2020.
- The indicator has shown a steady increase over the past decade.
- Financial inclusion is a key development priority for the Comorian government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household loan accounts per 1,000 adults held with commercial banks in Comoros, providing insights into financial service usage and access.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for policymakers and economists analyzing financial development and access to credit in Comoros.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Comoros.
Q: How is this trend used in economic policy?
A: This indicator is widely used to assess financial inclusion policies and monitor progress towards greater access to banking services in Comoros.
Q: Are there update delays or limitations?
A: The data is reported annually, with potential lags in availability.
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Real GDP Per Capita for Comoros
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Comoros (COMFCNODCHANUM), retrieved from FRED.