Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Ethiopia
ETHFCRODDPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,887,043.00
Year-over-Year Change
188.25%
Date Range
1/1/2004 - 1/1/2012
Summary
This economic trend measures the number of persons borrowing from deposit-taking institutions in Ethiopia, excluding commercial banks. It provides insights into the financial services usage and access within 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 Other Deposit Takers for Ethiopia' metric tracks the total number of individuals who have borrowed from deposit-taking institutions in Ethiopia, excluding commercial banks. This data point is important for understanding financial inclusion and the utilization of diverse lending sources beyond the traditional banking sector.
Methodology
The data is collected through surveys and reported by the National Bank of Ethiopia.
Historical Context
This trend is useful for policymakers and economists analyzing financial access and credit availability within the Ethiopian economy.
Key Facts
- Ethiopia has a population of over 110 million people.
- Only 35% of adults in Ethiopia have a bank account.
- The microfinance sector plays a significant role in credit access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons in Ethiopia who have borrowed from deposit-taking institutions, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and the utilization of diverse lending sources beyond the traditional banking sector in Ethiopia.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the National Bank of Ethiopia.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers and economists analyzing financial access and credit availability within the Ethiopian economy.
Q: Are there update delays or limitations?
A: The data may have update delays due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Ethiopia (ETHFCRODDPENUM), retrieved from FRED.