Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Qatar
QATFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
594,233.00
Year-over-Year Change
42.94%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the use of financial services by borrowers in Qatar, specifically the number of persons borrowing from commercial banks. It provides insights into the level of credit activity and financial inclusion in the Qatari 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 Qatar is an indicator that tracks the number of individuals in Qatar who have taken out loans from commercial banks. This metric is used by economists and policymakers to assess the financial health and accessibility of the banking system in the country.
Methodology
The data is collected by the Qatar Central Bank through surveys and reporting from commercial banks operating in the country.
Historical Context
This trend is relevant for understanding the state of credit markets and financial inclusion in Qatar, which is important for economic development and policy decisions.
Key Facts
- Qatar has a population of approximately 2.8 million as of 2022.
- The Qatari banking sector is dominated by several large, state-owned commercial banks.
- Financial inclusion is a key focus area for the Qatari government's economic diversification plans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Qatar who are borrowing from commercial banks, providing insight into the level of credit activity and financial inclusion in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the state of credit markets and financial accessibility in Qatar, which is important for economic development and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Qatar Central Bank through surveys and reporting from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the financial health and inclusiveness of the Qatari banking system, which is crucial for supporting economic growth and diversification.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or other limitations inherent in survey-based information collection.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Qatar (QATFCRODCPENUM), retrieved from FRED.