Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Djibouti
DJIFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,799.00
Year-over-Year Change
309.83%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of persons borrowing from commercial banks in Djibouti. It provides insights into financial service usage 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 Borrowers: Persons Borrowing from Commercial Banks for Djibouti metric tracks the total number of individuals who have taken out loans from commercial banks operating in Djibouti. This data point is useful for analyzing financial inclusion and credit market dynamics within the Djiboutian economy.
Methodology
The data is collected through surveys and reporting from financial institutions in Djibouti.
Historical Context
Policymakers and economists use this metric to evaluate financial sector development and gauge access to credit for households and businesses.
Key Facts
- Djibouti has a population of over 973,000 as of 2020.
- The Djiboutian economy is heavily dependent on port activities and foreign military bases.
- Access to financial services remains limited for many Djiboutian households and businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who have taken out loans from commercial banks operating in Djibouti.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to credit within the Djiboutian economy, which is important for evaluating economic development and financial sector progress.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Djibouti.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess financial sector development and gauge credit market dynamics in Djibouti.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting delays from financial institutions in Djibouti.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Djibouti (DJIFCRODCPENUM), retrieved from FRED.