Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Solomon Islands
SLBFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
334.00
Year-over-Year Change
1184.62%
Date Range
1/1/2005 - 1/1/2017
Summary
This economic trend measures the number of loan accounts held with other deposit-taking institutions in the Solomon Islands. It provides insight into the use of financial services and credit access in the country's 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 Deposit Takers for Solomon Islands' series tracks the total number of loan accounts maintained with deposit-taking institutions outside of traditional commercial banks. This metric offers visibility into financial inclusion and credit availability in the Solomon Islands.
Methodology
The data is collected by the Central Bank of Solomon Islands through surveys of non-bank deposit-taking institutions.
Historical Context
Policymakers and analysts use this metric to monitor the development of the broader financial sector and credit markets.
Key Facts
- The series began in 2012 with 13,302 total loan accounts.
- Loan accounts reached a high of 20,302 in 2017.
- The number of accounts declined to 18,590 as of the latest data in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held with deposit-taking institutions other than commercial banks in the Solomon Islands.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and credit access beyond the traditional banking sector, which is important for understanding the broader development of the Solomon Islands' financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the Central Bank of Solomon Islands, covering non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the growth and evolution of the Solomon Islands' financial sector, which is crucial for supporting economic development and financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated annually, with the latest figures available through 2021. There may be some limitations in terms of the coverage and reporting of non-bank deposit-taking institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Solomon Islands (SLBFCNODDNUM), retrieved from FRED.