Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Bolivia
BOLFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.39
Year-over-Year Change
138.88%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Bolivia, providing 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 Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Bolivia tracks the prevalence of commercial bank loan accounts across the adult population. This metric is a key indicator of financial inclusion and the ability of Bolivian citizens to access formal credit services.
Methodology
The data is collected and calculated by the World Bank based on information from national central banks and statistical agencies.
Historical Context
Policymakers and economists use this indicator to assess the development of Bolivia's financial sector and monitor progress towards greater financial inclusion.
Key Facts
- Bolivia had 467 loan accounts per 1,000 adults in 2020.
- The indicator has grown by 51% since 2005.
- Access to commercial bank loans remains lower in rural areas of Bolivia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with commercial banks per 1,000 adults in Bolivia, providing insights into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the development of Bolivia's financial sector and monitoring progress towards greater financial inclusion, which is a key policy objective.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information from national central banks and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the state of financial inclusion and access to credit in Bolivia, informing policy decisions aimed at promoting financial sector development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent changes in Bolivia's financial landscape.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Bolivia (BOLFCNODCANUM), retrieved from FRED.