Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Djibouti
DJIFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.69
Year-over-Year Change
129.95%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Djibouti, providing insights into financial inclusion and access to credit 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: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Djibouti' trend tracks the level of financial inclusion by measuring the number of loan accounts held by adults with commercial banks in Djibouti. This metric is used by economists and policymakers to assess financial access and the development of the banking sector.
Methodology
The data is collected and reported by the World Bank.
Historical Context
This trend is relevant for understanding financial sector development and economic growth in Djibouti.
Key Facts
- Djibouti had 233 loan accounts per 1,000 adults in 2017.
- Financial inclusion has increased in Djibouti over the past decade.
- Access to credit is a key driver of economic growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by adults with commercial banks in Djibouti per 1,000 adults, providing insights into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of the banking sector and financial inclusion in Djibouti, which are key drivers of economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial sector development and design policies to promote greater financial inclusion in Djibouti.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting, and it only captures commercial bank loan accounts, not other financial services.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Djibouti (DJIFCNODCANUM), retrieved from FRED.