Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Comoros
COMFCNODDHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
742.00
Year-over-Year Change
61.66%
Date Range
1/1/2011 - 1/1/2012
Summary
This economic trend measures the number of loan accounts held by households at deposit-taking institutions other than commercial banks in Comoros. It provides insights into the usage of diverse financial services 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 Number of Loan Accounts for Households at Other Deposit Takers for Comoros tracks the level of financial inclusion and access to credit outside the traditional banking sector. This indicator is used by economists and policymakers to evaluate the development of the broader financial system.
Methodology
The data is collected through surveys and reporting by deposit-taking institutions in Comoros.
Historical Context
This trend is relevant for understanding financial market dynamics and the efficacy of policies aimed at promoting financial inclusion in Comoros.
Key Facts
- Comoros has a relatively low level of financial inclusion compared to other African countries.
- Non-bank deposit-taking institutions play a significant role in providing credit access in Comoros.
- The number of loan accounts at other deposit takers has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by households at deposit-taking institutions other than commercial banks in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of financial inclusion and access to credit outside the traditional banking sector, which is important for understanding the broader financial system development in Comoros.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by deposit-taking institutions in Comoros.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists seeking to evaluate the effectiveness of policies aimed at promoting financial inclusion in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to periodic reporting delays, and the coverage of non-bank deposit-taking institutions may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Comoros (COMFCNODDHNUM), retrieved from FRED.