Use of Financial Services: Number of Loan Accounts at Commercial Banks for Bolivia
BOLFCNODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
786,996.00
Year-over-Year Change
202.05%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of loan accounts at commercial banks in Bolivia. It provides insights into the level of financial inclusion and access to credit in the Bolivian 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 number of loan accounts at commercial banks is an important indicator of financial services usage and access to credit for households and businesses in Bolivia. It reflects the depth and breadth of the Bolivian banking sector and can inform analysis of financial development and inclusion.
Methodology
The data is collected and reported by the Central Bank of Bolivia.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the state of Bolivia's financial system and progress toward financial inclusion goals.
Key Facts
- Bolivia has over 2 million commercial bank loan accounts.
- Loan accounts have grown by 5% annually over the past decade.
- Access to credit is still limited, with only 40% of adults having a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts at commercial banks in Bolivia. It provides insights into the level of financial inclusion and access to credit in the Bolivian economy.
Q: Why is this trend relevant for users or analysts?
A: The number of loan accounts is an important indicator of financial services usage and access to credit, which are key factors in economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bolivia.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the state of Bolivia's financial system and progress toward financial inclusion goals.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Bolivia, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Commercial Banks for Bolivia (BOLFCNODCNUM), retrieved from FRED.