Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Brunei Darussalam
BRNFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,197.00
Year-over-Year Change
-40.39%
Date Range
1/1/2008 - 1/1/2021
Summary
This economic trend measures the use of financial services by borrowers in Brunei Darussalam, specifically the number of persons borrowing from commercial banks.
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 Commercial Banks for Brunei Darussalam' data series tracks the number of individuals who have taken out loans from commercial banks in Brunei. This metric provides insight into the level of financial inclusion and access to credit within the country.
Methodology
The data is collected by the Monetary Authority of Brunei Darussalam through surveys of commercial banks operating in the country.
Historical Context
This trend is used by policymakers and economists to monitor the development of Brunei's financial sector and assess financial inclusion initiatives.
Key Facts
- Brunei has a population of approximately 428,000 as of 2020.
- Commercial banks are the primary source of credit in Brunei's financial system.
- Access to financial services is a key priority for Brunei's economic diversification efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Brunei Darussalam who have borrowed money from commercial banks, providing insight into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and analysts interested in understanding the development of Brunei's financial sector and the effectiveness of financial inclusion initiatives.
Q: How is this data collected or calculated?
A: The data is collected by the Monetary Authority of Brunei Darussalam through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the progress of Brunei's financial sector development and assess the impact of policies aimed at improving financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data may be subject to publication delays, and the accuracy of the trend can be influenced by changes in survey methodologies or reporting practices by commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Brunei Darussalam (BRNFCRODCPENUM), retrieved from FRED.