Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Turkey
TURFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
984.77
Year-over-Year Change
22.56%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Turkey. It provides insights into the financial inclusion and access to credit in the Turkish economy.
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 Turkey' series tracks the level of financial inclusion and access to credit in Turkey. It is an important indicator for economists and policymakers to assess the development of the Turkish banking sector and overall financial system.
Methodology
The data is collected and calculated by the World Bank using national household survey and administrative data sources.
Historical Context
This trend is widely used by economists, financial analysts, and policymakers to evaluate the financial health and development of the Turkish economy.
Key Facts
- Turkey had 552 commercial bank borrowers per 1,000 adults in 2021.
- The number of borrowers has steadily increased from 474 per 1,000 adults in 2011.
- Access to credit is an important driver of economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Turkey. It provides insights into the level of financial inclusion and access to credit in the Turkish economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, financial analysts, and policymakers as it helps assess the development and health of the Turkish banking sector and overall financial system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national household survey and administrative data sources.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers to evaluate the financial inclusion and access to credit in the Turkish economy, which are important drivers of economic growth and development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be some limitations in terms of data coverage or accuracy depending on the underlying sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Turkey (TURFCRODCANUM), retrieved from FRED.