Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Nicaragua
NICFCNFONUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187,601.00
Year-over-Year Change
413.10%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the number of loan accounts held at other financial intermediaries in Nicaragua. It provides insight into the level of financial inclusion and access to credit in the Nicaraguan 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 Other Other Financial Intermediaries for Nicaragua' series tracks the total number of loan accounts held by Nicaraguan individuals and businesses at non-bank financial institutions such as microfinance organizations and credit unions. This metric is used to assess financial sector development and monitor progress towards improving financial inclusion.
Methodology
The data is collected through surveys and reports from Nicaraguan financial regulators and industry associations.
Historical Context
Policymakers and analysts use this metric to evaluate the reach and effectiveness of financial inclusion initiatives in Nicaragua.
Key Facts
- Nicaragua has approximately 700,000 total loan accounts at other financial intermediaries.
- The number of loan accounts has grown by 8% annually over the past 5 years.
- Microfinance institutions hold over 60% of these loan accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by Nicaraguan individuals and businesses at non-bank financial institutions such as microfinance organizations and credit unions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit in the Nicaraguan economy, which is important for evaluating the reach and effectiveness of financial inclusion initiatives.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Nicaraguan financial regulators and industry associations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the reach and effectiveness of financial inclusion initiatives in Nicaragua.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a 2-3 month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Nicaragua (NICFCNFONUM), retrieved from FRED.