Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Brazil
BRAFCNODDHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173,025,417.00
Year-over-Year Change
2992.87%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the number of loan accounts held by households at non-bank financial institutions in Brazil. It provides insight into the usage of alternative financial services outside the traditional banking sector.
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 for Households at Other Deposit Takers for Brazil' data series tracks the total number of loan accounts opened by Brazilian households at non-bank deposit-taking institutions, such as credit unions and microfinance providers. This metric helps economists and policymakers assess the level of financial inclusion and household access to credit in the broader financial system.
Methodology
The data is collected and reported by the Central Bank of Brazil.
Historical Context
This trend is used to monitor the financial health and credit market activity outside the traditional banking system.
Key Facts
- Brazil has a large non-bank financial sector.
- Loan accounts at non-bank institutions grew by 8% in 2021.
- Financial inclusion is a key policy priority in Brazil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by Brazilian households at non-bank financial institutions, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit outside the traditional banking system, which is important for understanding the overall health of Brazil's credit markets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Brazil.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor financial inclusion efforts and the development of alternative credit channels in Brazil's financial system.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all non-bank lending institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Brazil (BRAFCNODDHNUM), retrieved from FRED.