Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Nicaragua
NICFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274.09
Year-over-Year Change
64.16%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of household loan accounts with commercial banks per 1,000 adults in Nicaragua. It provides insight into the usage and accessibility of financial services 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 Nicaragua trend tracks the level of financial inclusion and intermediation for households in the country. It is an important indicator of the development and penetration of the financial sector.
Methodology
The data is collected through surveys and regulatory reporting by Nicaragua's central bank.
Historical Context
Policymakers and analysts use this trend to assess financial sector progress and inform policies aimed at expanding access to credit and other banking services.
Key Facts
- Nicaragua's household loan accounts per 1,000 adults was 292.9 in 2021.
- This indicator has grown by over 35% since 2015.
- Access to financial services remains lower in rural areas of Nicaragua.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household loan accounts with commercial banks per 1,000 adults in Nicaragua. It provides insight into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of financial sector development and progress towards expanding access to banking services for households in Nicaragua. It informs policymakers and analysts on the state of financial inclusion in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and regulatory reporting by Nicaragua's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial sector progress and inform policies aimed at increasing access to credit and other banking services for households in Nicaragua.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates from the Nicaraguan central bank. The trend may not fully capture financial services usage in the informal sector.
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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 Nicaragua (NICFCNODCHANUM), retrieved from FRED.