Use of Financial Services: Number of Borrowers at Other Depository Corporations for Comoros
COMFCRODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,551.00
Year-over-Year Change
227.75%
Date Range
1/1/2010 - 1/1/2017
Summary
This economic trend measures the number of borrowers at other depository corporations in Comoros. It provides insight into the level of financial services usage 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 Borrowers at Other Depository Corporations for Comoros' series tracks the total number of individuals or entities that have outstanding loans or are otherwise borrowing from non-bank financial institutions in Comoros. This metric is useful for analyzing financial inclusion and access to credit in the Comorian economy.
Methodology
The data is collected through surveys and reporting from financial service providers in Comoros.
Historical Context
Policymakers and economists use this trend to assess the depth of financial intermediation and identify opportunities to expand access to credit.
Key Facts
- Comoros has a population of over 800,000 people.
- The number of borrowers at other depository corporations in Comoros has grown in recent years.
- Access to credit is an important driver of economic development in Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals or entities that have outstanding loans or are otherwise borrowing from non-bank financial institutions in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit in the Comorian economy, which is relevant for policymakers and economists analyzing economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial service providers in Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth of financial intermediation and identify opportunities to expand access to credit in Comoros.
Q: Are there update delays or limitations?
A: The data may have periodic update delays due to the survey-based collection methodology.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Borrowers at Other Depository Corporations for Comoros (COMFCRODPENUM), retrieved from FRED.