Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Georgia
GEOFCRODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
519.63
Year-over-Year Change
75.08%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household borrowers from commercial banks per 1,000 adults in the U.S. state of Georgia. It provides insights into consumer access to financial services and can inform policy decisions related to banking and lending.
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, Household Borrowers from Commercial Banks Per 1000 Adults for Georgia' series tracks the level of household borrowing from commercial banks in Georgia. This metric is used by economists and policymakers to assess the financial health and inclusion of Georgia residents.
Methodology
The data is collected through surveys of commercial banks and other financial institutions by the U.S. Federal Reserve.
Historical Context
This trend is relevant for understanding consumer credit markets and informing financial regulations and economic development policies in Georgia.
Key Facts
- Georgia had 496 household borrowers per 1,000 adults in 2021.
- This metric has increased by 7.3% in Georgia over the past 5 years.
- Access to commercial bank credit is a key indicator of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household borrowers from commercial banks per 1,000 adults in the U.S. state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer access to financial services and can inform policy decisions related to banking and lending in Georgia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks and other financial institutions by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding consumer credit markets and informing financial regulations and economic development policies in Georgia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reporting by financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Georgia (GEOFCRODCHANUM), retrieved from FRED.