Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Chad
TCDFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.90
Year-over-Year Change
-16.83%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Chad, providing insights into financial inclusion and access to formal banking services.
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, Loan Accounts with Commercial Banks Per 1,000 Adults for Chad' series tracks the availability and utilization of basic banking services in the country. It is a key indicator of financial development and inclusion, which are crucial for economic growth and poverty reduction.
Methodology
The data is collected through surveys and reports from Chad's central bank and other financial institutions.
Historical Context
This metric is used by policymakers, development organizations, and economists to assess financial sector progress and inform policies aimed at improving access to formal banking.
Key Facts
- Chad has one of the lowest financial inclusion rates in the world.
- Only about 16% of adults in Chad have a bank account.
- Expanding access to financial services is a key development priority for the Chadian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with commercial banks per 1,000 adults in Chad, providing insights into financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the development of Chad's financial sector and the extent to which the population has access to basic banking services, which is vital for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Chad's central bank and other financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and economists use this metric to assess financial sector progress and inform policies aimed at improving access to formal banking services in Chad.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be limited by the availability of reliable information from financial institutions in Chad.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Chad (TCDFCNODCANUM), retrieved from FRED.