Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Namibia
NAMFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.67
Year-over-Year Change
-45.59%
Date Range
1/1/2004 - 1/1/2023
Summary
This indicator tracks the number of household loan accounts with commercial banks per 1,000 adults in Namibia. It provides insights into financial inclusion and access to formal 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: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Namibia' series measures the level of household financial inclusion by tracking the prevalence of commercial bank loan accounts. This metric is used to evaluate progress towards expanding access to formal financial services.
Methodology
The data is collected by the Namibia Statistics Agency through surveys of commercial banks operating in the country.
Historical Context
This indicator is relevant for policymakers and analysts assessing financial sector development and financial inclusion initiatives in Namibia.
Key Facts
- Namibia had 305 household loan accounts per 1,000 adults in 2020.
- The indicator has increased by 20% over the past decade.
- Financial inclusion remains a key development priority in Namibia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household loan accounts with commercial banks per 1,000 adults in Namibia. It provides insights into financial inclusion and access to formal credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to evaluate progress towards expanding access to formal financial services, which is a key development priority in Namibia.
Q: How is this data collected or calculated?
A: The data is collected by the Namibia Statistics Agency through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and analysts assessing financial sector development and financial inclusion initiatives in Namibia.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture all informal financial activity in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Namibia (NAMFCNODCHANUM), retrieved from FRED.