Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Kiribati
KIRFCNODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,892.00
Year-over-Year Change
101.49%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of loan accounts for households at commercial banks in Kiribati. It provides insight into the level of financial services usage and household access to credit in 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: Number of Loan Accounts for Households at Commercial Banks for Kiribati series tracks the total number of loan accounts held by households at commercial banking institutions in Kiribati. This metric is used to assess the depth of financial intermediation and the degree of household engagement with the formal banking system.
Methodology
The data is collected through surveys of commercial banks operating in Kiribati.
Historical Context
Policymakers use this trend to monitor financial inclusion and identify areas for improving household access to credit and other banking services.
Key Facts
- Kiribati is a Pacific island nation.
- Commercial banks are the primary providers of financial services in Kiribati.
- Improving financial inclusion is a key development goal for Kiribati.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by households at commercial banks in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial services usage and household access to credit in Kiribati, which is important for assessing financial inclusion and economic development.
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: Policymakers use this trend to monitor financial inclusion and identify areas for improving household access to credit and other banking services.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by commercial banks in Kiribati.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Kiribati (KIRFCNODCHNUM), retrieved from FRED.