Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Brunei Darussalam
BRNFCNODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188,460.00
Year-over-Year Change
-37.93%
Date Range
1/1/2008 - 1/1/2021
Summary
This economic trend measures the number of loan accounts held by households at commercial banks in Brunei Darussalam. It provides insights into consumer borrowing patterns and financial services utilization 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 Loan Accounts for Households at Commercial Banks for Brunei Darussalam data series tracks the total count of outstanding loan accounts maintained by households with commercial banks operating in Brunei. This metric offers analysts a window into household financial behavior and banking system activity.
Methodology
The data is collected by Brunei's central bank through surveys of domestic commercial banking institutions.
Historical Context
Policymakers and financial institutions use this metric to monitor consumer credit trends and assess the health of the banking sector.
Key Facts
- Brunei has a population of over 428,000 people.
- Commercial banks in Brunei hold over 200,000 household loan accounts.
- Household debt levels in Brunei are among the highest in Southeast Asia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by households at commercial banks operating in Brunei Darussalam.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer borrowing patterns and the overall utilization of financial services in Brunei's banking system.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by Brunei's central bank of the commercial banking institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this data to monitor consumer credit trends and assess the health and stability of Brunei's banking sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all lending activity across Brunei's financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Brunei Darussalam (BRNFCNODCHNUM), retrieved from FRED.