Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Zimbabwe
ZWEFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
728,669.86
Year-over-Year Change
20.75%
Date Range
1/1/2018 - 1/1/2023
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Zimbabwe. It provides insights into consumer credit and financial 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 Borrowers: Households Borrowing from Commercial Banks for Zimbabwe' series tracks the number of households in Zimbabwe that have outstanding loans or credit from commercial banking institutions. This metric is used to assess financial inclusion and the availability of consumer credit in the Zimbabwean economy.
Methodology
The data is collected through surveys of commercial banks and financial institutions operating in Zimbabwe.
Historical Context
Policymakers and economists use this trend to evaluate financial sector development and the provision of credit to households.
Key Facts
- Zimbabwe has a population of over 14 million people.
- Commercial banks account for over 70% of Zimbabwe's financial sector assets.
- Access to credit and financial services remains a challenge for many Zimbabwean households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of households in Zimbabwe that have outstanding loans or credit from commercial banking institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the availability of consumer credit in the Zimbabwean economy, which is important for evaluating financial sector development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks and financial institutions operating in Zimbabwe.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the provision of credit to households and to inform policies aimed at improving financial inclusion in Zimbabwe.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and potential limitations in survey coverage of the Zimbabwean financial sector.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Zimbabwe (ZWEFCRODCHPENUM), retrieved from FRED.