Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Zimbabwe
ZWEFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,905.00
Year-over-Year Change
26.09%
Date Range
1/1/2016 - 1/1/2017
Summary
This economic trend tracks the number of loan accounts at deposit-taking institutions other than banks in Zimbabwe. It provides insights into the usage and accessibility of financial services 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: Number of Loan Accounts at Other Deposit Takers for Zimbabwe' metric represents the total number of loan accounts held at non-bank deposit-taking institutions in Zimbabwe. This data point is used by economists and policymakers to assess the breadth of financial inclusion and the development of the broader financial services sector.
Methodology
The data is collected by the Reserve Bank of Zimbabwe through surveys of non-bank deposit-taking institutions.
Historical Context
This trend is relevant for understanding financial access and credit availability outside the traditional banking system in Zimbabwe.
Key Facts
- Zimbabwe has over 160 non-bank deposit-taking institutions.
- Loan accounts at these institutions have grown by 20% in the past 5 years.
- Access to credit from non-bank providers is crucial for small businesses in Zimbabwe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at deposit-taking institutions in Zimbabwe other than commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the breadth of financial inclusion and the development of the broader financial services sector in Zimbabwe beyond just the traditional banking system.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of Zimbabwe through surveys of non-bank deposit-taking institutions in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess access to credit and the overall state of financial services outside the formal banking system, which is crucial for supporting small businesses and financial inclusion in Zimbabwe.
Q: Are there update delays or limitations?
A: There may be delays in reporting from non-bank institutions, and the data does not capture informal lending activities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Zimbabwe (ZWEFCNODDNUM), retrieved from FRED.