Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Kiribati
KIRFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.15
Year-over-Year Change
93.16%
Date Range
1/1/2011 - 1/1/2013
Summary
This indicator tracks the number of household loan accounts per 1,000 adults with commercial banks in Kiribati, providing insights into financial service usage and access.
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 Loan Accounts with Commercial Banks Per 1,000 Adults for Kiribati' series measures the level of household financial inclusion in Kiribati. It is a useful metric for policymakers and analysts to assess progress towards financial development goals.
Methodology
The data is collected through surveys of commercial banks operating in Kiribati.
Historical Context
This indicator is relevant for understanding financial market conditions and informing policies aimed at promoting financial inclusion.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- Access to formal financial services remains a challenge in many developing economies.
- Tracking household loan accounts can indicate progress towards financial inclusion goals.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household loan accounts per 1,000 adults with commercial banks in Kiribati, providing insights into financial service usage and access.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and analysts to assess progress towards financial development and inclusion goals in Kiribati.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Kiribati.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding financial market conditions and informing policies aimed at promoting financial inclusion in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limited coverage, as is common with developing economy statistics.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Kiribati (KIRFCNODCHANUM), retrieved from FRED.