Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Comoros
COMFCRODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.68
Year-over-Year Change
367.60%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the number of household borrowers from commercial banks per 1,000 adults in Comoros. It provides insights into financial service usage and access 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 household borrowers from commercial banks per 1,000 adults metric tracks the level of financial inclusion and credit access for individuals in Comoros. It is a key indicator of the financial services landscape and can inform policymaking and economic development strategies.
Methodology
The data is collected through surveys and reported by the Central Bank of Comoros.
Historical Context
This indicator is used by economists and policymakers to assess financial sector performance and progress toward financial inclusion goals.
Key Facts
- Comoros has a population of over 850,000 people.
- The number of household borrowers per 1,000 adults in Comoros was 31.7 in 2019.
- Access to formal financial services remains limited in Comoros compared to other African nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household borrowers from commercial banks per 1,000 adults in Comoros, providing insights into financial service usage and access in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing financial inclusion and credit access, which are key drivers of economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the Central Bank of Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate financial sector performance and progress toward financial inclusion goals in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by the Central Bank of Comoros.
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Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Comoros
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Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Comoros
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Number of Identified Exporters to Comoros from Ohio
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Nominal Gross National Saving for Comoros
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Comoros (COMFCRODCHANUM), retrieved from FRED.