Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Fiji
FJIFCNMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,964.00
Year-over-Year Change
-37.99%
Date Range
1/1/2004 - 1/1/2013
Summary
The 'Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Fiji' series measures the total number of loan accounts held at non-bank financial institutions in Fiji. This metric provides insight into the breadth of financial access and intermediation in the Fijian economy.
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
This series tracks the total number of outstanding loan accounts at finance companies, credit unions, and other non-bank financial intermediaries in Fiji. It serves as an indicator of financial inclusion and the depth of the nation's credit markets, which are important factors in economic development and household financial security.
Methodology
The data is collected through surveys of Fijian financial institutions by the national statistical agency.
Historical Context
Policymakers and analysts use this metric to monitor the growth and penetration of formal financial services across Fiji's population.
Key Facts
- Fiji has a population of over 900,000 people.
- The number of loan accounts at Fijian finance companies has grown by 50% over the past decade.
- Access to credit is a key barrier to financial inclusion in many Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of outstanding loan accounts held at non-bank financial institutions in Fiji, such as finance companies and credit unions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the breadth of financial access and intermediation in the Fijian economy, which are important factors in economic development and household financial security.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Fijian financial institutions by the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the growth and penetration of formal financial services across Fiji's population.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all informal or unregistered lending activity.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for Fiji (FJIFCNMNUM), retrieved from FRED.