Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Kiribati
KIRFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.68
Year-over-Year Change
71.26%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of loan accounts per 1,000 adults held with commercial banks in Kiribati. It provides insight into financial inclusion and banking 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: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Kiribati' metric tracks a critical aspect of the nation's financial development. It represents the degree to which Kiribati's population utilizes formal banking services, a key indicator of economic progress.
Methodology
The data is collected through surveys and reporting from Kiribati's commercial banks.
Historical Context
This trend is used by policymakers and development economists to assess financial inclusion and monitor progress towards increasing access to banking services.
Key Facts
- Kiribati has a population of around 119,000 as of 2020.
- The number of loan accounts per 1,000 adults in Kiribati was 36.4 in 2017.
- Improving financial inclusion is a key development goal for Kiribati.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts per 1,000 adults held with commercial banks in Kiribati. It provides insight into the level of financial inclusion and access to banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Kiribati's financial development and assessing progress towards increasing access to formal banking services, which is a key factor in economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks operating in Kiribati.
Q: How is this trend used in economic policy?
A: Policymakers and development economists use this indicator to monitor financial inclusion and guide policies aimed at expanding access to banking services in Kiribati.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting, as it relies on surveys and reporting from financial institutions in Kiribati.
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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 Kiribati (KIRFCNODCANUM), retrieved from FRED.