Use of Financial Services: Number of Loan Accounts at Commercial Banks for Lesotho
LSOFCNODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,243.00
Year-over-Year Change
-18.03%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of loan accounts at commercial banks in Lesotho. It provides insights into the level of financial inclusion and 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 at Commercial Banks for Lesotho' trend represents the total number of outstanding loan accounts held by individuals and businesses at commercial banks operating in Lesotho. This metric is a key indicator of financial sector development and access to capital.
Methodology
The data is collected and reported by the Central Bank of Lesotho.
Historical Context
Policymakers and economists use this trend to assess the depth of financial intermediation and monitor progress towards financial inclusion objectives.
Key Facts
- Lesotho had over 250,000 loan accounts at commercial banks as of the latest data.
- The number of loan accounts has grown by over 50% in the past decade.
- Access to credit remains a key constraint for many businesses and individuals in Lesotho.
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 Lesotho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to credit in Lesotho, which are important indicators of economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Lesotho.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth of financial intermediation and monitor progress towards financial inclusion objectives in Lesotho.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or consistency across reporting institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Commercial Banks for Lesotho (LSOFCNODCNUM), retrieved from FRED.