Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Comoros
COMFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,028.00
Year-over-Year Change
215.82%
Date Range
1/1/2010 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at other deposit takers in Comoros, providing insights into the usage of 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 'Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Comoros' metric tracks the total number of loan accounts held at non-bank financial institutions in Comoros. This data is useful for analyzing financial inclusion and the overall health of the Comorian lending market.
Methodology
The data is collected by the Central Bank of Comoros through surveys of other deposit-taking institutions.
Historical Context
This trend is valuable for policymakers and financial analysts seeking to understand patterns of credit access and utilization in the Comorian economy.
Key Facts
- Comoros has a population of around 869,000 as of 2021.
- The Comorian economy is heavily reliant on agriculture and tourism.
- Access to financial services remains limited in Comoros compared to other African nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at non-bank financial institutions, such as credit unions and microfinance providers, in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and access to credit in the Comorian economy, which is important for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through surveys of other deposit-taking institutions in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor and promote financial inclusion and credit access in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be limited by the coverage and reporting practices of non-bank financial institutions in Comoros.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Comoros (COMFCNODDNUM), retrieved from FRED.