Use of Financial Services: Number of Loan Accounts at Commercial Banks for Kiribati
KIRFCNODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,999.00
Year-over-Year Change
78.64%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the number of loan accounts at commercial banks in Kiribati. It provides insight into the level of financial services usage and credit access within the Kiribati 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
The Use of Financial Services: Number of Loan Accounts at Commercial Banks for Kiribati tracks the total number of outstanding loan accounts held by individuals and businesses at commercial banks operating in Kiribati. This metric is used to gauge the breadth of lending activity and credit intermediation within the country's financial system.
Methodology
The data is collected through surveys of commercial banks operating in Kiribati.
Historical Context
This trend is relevant for analyzing financial inclusion and the depth of credit markets in Kiribati.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- The Kiribati banking sector is dominated by a few major commercial banks.
- Access to credit remains limited for many individuals and small businesses in Kiribati.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held by individuals and businesses at commercial banks operating in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: The number of loan accounts is an important indicator of financial inclusion and the depth of credit markets within the Kiribati economy.
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 and economists use this metric to assess financial development and identify areas for improving access to credit and other banking services.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limited coverage of the Kiribati banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Commercial Banks for Kiribati (KIRFCNODCNUM), retrieved from FRED.