Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Chad
TCDFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.31
Year-over-Year Change
278.67%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Chad, providing insights into financial service 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, Borrowers from Commercial Banks Per 1000 Adults for Chad' data series tracks the level of commercial bank borrowing in Chad. This metric is used by economists and policymakers to assess financial inclusion and the development of the banking sector.
Methodology
The data is collected by the World Bank through surveys and national statistical agencies.
Historical Context
This trend is relevant for understanding financial market conditions and informing policies aimed at promoting financial access and inclusion.
Key Facts
- Chad has a population of over 16 million people.
- The number of commercial bank borrowers per 1,000 adults in Chad was 17.8 in 2017.
- Financial inclusion remains a challenge in Chad, with limited access to formal banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Chad, providing insights into the level of financial service usage and access in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess financial inclusion and the development of the banking sector in Chad, which is important for understanding economic conditions and informing policies aimed at promoting financial access.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding financial market conditions and informing policies aimed at promoting financial access and inclusion in Chad.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential limitations in data collection or reporting in certain regions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Chad (TCDFCRODCANUM), retrieved from FRED.