Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Lesotho
LSOFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,243.00
Year-over-Year Change
-8.63%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the use of financial services by borrowers in Lesotho, specifically the number of persons borrowing from commercial banks. It provides insights into the accessibility and utilization of credit in the Lesotho 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 Borrowers: Persons Borrowing from Commercial Banks for Lesotho' trend tracks the total number of individuals who have taken out loans from commercial banks in Lesotho. This metric is a key indicator of financial inclusion and the overall level of credit intermediation in the country.
Methodology
The data is collected by the Central Bank of Lesotho through its regular surveys and monitoring of the banking sector.
Historical Context
This trend is widely used by policymakers, economists, and financial analysts to assess the development and performance of Lesotho's financial system.
Key Facts
- Lesotho has a population of over 2.1 million people.
- The banking sector in Lesotho is dominated by a few large commercial banks.
- Access to financial services is a key development priority in Lesotho.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Lesotho who have borrowed money from commercial banks, providing insights into financial inclusion and credit access in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development and performance of Lesotho's financial system, as well as assessing financial inclusion and access to credit in the country.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Lesotho through regular surveys and monitoring of the banking sector.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the state of financial inclusion and the level of credit intermediation in Lesotho, which informs economic and financial sector development policies.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be influenced by changes in survey methodologies or banking sector regulations.
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Use of Financial Services: Number of Depositors at Commercial Banks for Lesotho
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Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Lesotho
DDOI09LSA156NWDB
Central government debt, total (% of GDP) for Lesotho
DEBTTLLSA188A
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Lesotho (LSOFCRODCPENUM), retrieved from FRED.