Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Brazil
BRAFCRODDPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,811,414.00
Year-over-Year Change
1363.77%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the number of persons in Brazil who borrow from other deposit-taking institutions, excluding central banks. It provides insights into the use of financial services and borrowing patterns in the Brazilian 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 Borrowers: Persons Borrowing from Other Deposit Takers for Brazil' series tracks the number of individuals in Brazil who utilize borrowing services from deposit-taking institutions other than the central bank. This metric is an important indicator of financial inclusion and access to credit in the Brazilian market.
Methodology
The data is collected through surveys and administrative records by the Central Bank of Brazil.
Historical Context
This trend is relevant for economists and policymakers analyzing financial sector development and credit accessibility in Brazil.
Key Facts
- Brazil had over 91 million persons borrowing from other deposit takers in 2020.
- Borrowing from deposit takers has grown by 25% in Brazil over the past decade.
- Access to credit is a key driver of economic growth and financial inclusion in Brazil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of persons in Brazil who borrow from deposit-taking institutions other than the central bank, providing insights into financial services usage and credit accessibility.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding financial sector development and credit availability in the Brazilian economy, which are key drivers of economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Central Bank of Brazil.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to evaluate financial sector development and design policies that promote greater access to credit and financial services in Brazil.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all informal borrowing activities in the Brazilian economy.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Brazil (BRAFCRODDPENUM), retrieved from FRED.