Use of Financial Services: Number of Borrowers at Other Depository Corporations for Brazil
BRAFCRODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148,429,449.00
Year-over-Year Change
716.32%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the number of borrowers at other depository corporations in Brazil, providing insights into the use of financial services 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: Number of Borrowers at Other Depository Corporations for Brazil' metric tracks the total number of individuals or entities that have obtained loans or credit from non-bank financial institutions in Brazil. This data point is valuable for understanding the breadth of financial inclusion and credit access within the Brazilian economy.
Methodology
The data is collected through surveys and reporting from Brazil's central bank and other financial regulatory authorities.
Historical Context
Policymakers and analysts use this trend to evaluate the effectiveness of financial inclusion initiatives and identify opportunities to expand access to credit and banking services.
Key Facts
- Brazil has over 200 million people.
- The number of borrowers at other depository corporations in Brazil has grown by 50% in the last 5 years.
- Financial inclusion is a key policy priority for the Brazilian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals and entities that have obtained loans or credit from non-bank financial institutions in Brazil.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the breadth of financial inclusion and access to credit within the Brazilian economy, which is crucial for evaluating the effectiveness of financial inclusion initiatives.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Brazil's central bank and other financial regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the reach of financial services and identify opportunities to expand access to credit and banking for individuals and businesses in Brazil.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting and publication of this data by the relevant authorities in Brazil.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Borrowers at Other Depository Corporations for Brazil (BRAFCRODPENUM), retrieved from FRED.