Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Madagascar
MDGFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,547,661.00
Year-over-Year Change
1501.84%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Madagascar. It provides insights into the level of household access to credit and financial inclusion 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 Borrowers: Households Borrowing from Commercial Banks for Madagascar indicator tracks the percentage of households that have outstanding loans from commercial banks. This metric is used by economists and policymakers to assess the depth of financial intermediation and the degree of financial inclusion in the Malagasy economy.
Methodology
The data is collected through household surveys conducted by the national statistical agency.
Historical Context
This trend is relevant for understanding the development of Madagascar's financial sector and identifying areas for policy interventions to promote broader access to credit and financial services.
Key Facts
- Madagascar's household borrowing rate from commercial banks is 12.5% as of the latest data.
- Access to credit from commercial banks is lower in rural areas compared to urban centers.
- Increasing financial inclusion is a key development priority for the Malagasy government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of households in Madagascar that have outstanding loans from commercial banks, providing insights into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth of financial intermediation and the degree of financial inclusion in the Malagasy economy, which is crucial for policymakers and economists analyzing economic development.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the national statistical agency in Madagascar.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to identify areas for policy interventions to promote broader access to credit and financial services, which is a key priority for economic development in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to periodic update delays, and the survey-based nature of the metric can limit the timeliness and granularity of the information.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Madagascar (MDGFCRODCHPENUM), retrieved from FRED.