Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Malawi
MWIFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.32
Year-over-Year Change
29.91%
Date Range
1/1/2007 - 1/1/2022
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Malawi, providing insights into the use 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: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Malawi' trend tracks the accessibility and utilization of formal banking services by the adult population in Malawi. This metric is used by economists and policymakers to evaluate financial inclusion and the overall development of the country's banking sector.
Methodology
The data is collected by the World Bank through surveys and financial institution reports.
Historical Context
This trend is relevant for assessing financial market conditions and informing policies aimed at promoting greater access to credit and banking services.
Key Facts
- Malawi's borrowers from commercial banks per 1,000 adults was 25.53 in 2017.
- The trend has shown steady growth over the past decade, indicating improved financial access.
- Malawi ranks below the regional average for sub-Saharan Africa in this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Malawi, providing insights into the use of formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to evaluate financial inclusion and the overall development of Malawi's banking sector, which is important for assessing economic and social progress.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and financial institution reports.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing financial market conditions and informing policies aimed at promoting greater access to credit and banking services in Malawi.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in reporting and potential limitations in data coverage or sampling.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Malawi (MWIFCRODCANUM), retrieved from FRED.