Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Comoros
COMFCNODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,795.00
Year-over-Year Change
227.07%
Date Range
1/1/2010 - 1/1/2017
Summary
This economic trend tracks the number of loan accounts at other depository corporations in Comoros. It provides insights into the usage 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 Depository Corporations for Comoros' metric represents the total number of loan accounts held at institutions other than the central bank, such as commercial banks and other financial intermediaries, in Comoros.
Methodology
This data is collected through surveys and reports from financial institutions in Comoros.
Historical Context
The trend is used by economists and policymakers to assess financial inclusion and the development of the banking sector in the country.
Key Facts
- Comoros is a small island nation in the Indian Ocean.
- The number of loan accounts at other depository corporations in Comoros has been steadily increasing in recent years.
- Financial inclusion is a key priority for economic development in Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at financial institutions other than the central bank in Comoros, such as commercial banks and other depository corporations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and the development of the banking sector in Comoros, which is important for understanding the country's economic progress and identifying areas for improvement.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions in Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the effectiveness of financial inclusion initiatives and to inform decisions on policies and regulations that promote the growth of the banking and financial services sector in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and publication, and the accuracy of the trend may be limited by the coverage and reliability of the underlying data sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Comoros (COMFCNODNUM), retrieved from FRED.