Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Chad
TCDFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.74
Year-over-Year Change
225.24%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of household loan accounts per 1,000 adults with commercial banks in Chad, providing insights into financial services usage and access 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 Chad' metric tracks the prevalence of formal borrowing activities among the adult population, serving as an indicator of financial inclusion and credit market development.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) Database.
Historical Context
This trend is relevant for policymakers and analysts examining financial sector performance and access to credit in the Chadian economy.
Key Facts
- Chad had 37.4 household loan accounts per 1,000 adults in 2017.
- This metric has declined from a high of 57.9 accounts per 1,000 adults in 2014.
- Financial inclusion remains a challenge in Chad compared to regional peers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household loan accounts per 1,000 adults with commercial banks in Chad, providing insights into financial services usage and access in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers and analysts examining financial sector performance and access to credit in the Chadian economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) Database.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess financial inclusion and credit market development in Chad.
Q: Are there update delays or limitations?
A: The data is reported periodically by the World Bank, and there may be delays in updates or limitations in country coverage.
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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 Chad (TCDFCNODCHANUM), retrieved from FRED.