Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Zimbabwe
ZWEFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.53
Year-over-Year Change
343.61%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of borrowers from commercial banks per 1,000 adults in Zimbabwe. It provides insights into financial inclusion and access to credit 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 'Borrowers from Commercial Banks Per 1,000 Adults' metric measures the accessibility and utilization of commercial banking services by the adult population in Zimbabwe. This statistic is widely used by economists and policymakers to evaluate financial inclusion and development.
Methodology
The data is collected and reported by the World Bank based on information provided by national central banks and statistical agencies.
Historical Context
This indicator is relevant for assessing the effectiveness of financial sector policies and their impact on individuals' ability to access formal credit channels.
Key Facts
- Zimbabwe had 237 borrowers from commercial banks per 1,000 adults in 2020.
- The indicator has increased from 179 borrowers per 1,000 adults in 2010.
- Financial inclusion remains a challenge, with a large unbanked population in Zimbabwe.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of individuals who have taken out loans from commercial banks per 1,000 adults in Zimbabwe. It provides insights into financial inclusion and access to formal credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the effectiveness of financial sector policies and the degree of financial development in Zimbabwe. It helps policymakers and economists understand the level of access to banking services and credit among the adult population.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by Zimbabwe's central bank and national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this indicator to assess the impact of financial inclusion initiatives and to inform the development of policies aimed at improving access to formal banking and credit services.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years. The indicator may not capture all informal financial activities in Zimbabwe.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Zimbabwe (ZWEFCRODCANUM), retrieved from FRED.