Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Colombia
COLFCRODDPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,182,760.00
Year-over-Year Change
281.97%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of persons borrowing from other deposit-taking institutions in Colombia. It provides insights into the usage of financial services and lending patterns in the Colombian 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 Colombia' metric tracks the total number of individuals who have borrowed funds from non-bank deposit-taking institutions in the country. This data point is used by economists and policymakers to analyze trends in financial inclusion and access to credit.
Methodology
The data is collected through surveys and reports from Colombia's financial regulatory authorities.
Historical Context
This trend is relevant for understanding the depth and breadth of the Colombian financial system and its role in supporting economic development.
Key Facts
- Colombia has a population of over 50 million people.
- The Colombian economy is the 4th largest in Latin America.
- Access to financial services remains a challenge for many Colombians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Colombia who have borrowed funds from deposit-taking institutions other than traditional banks.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into financial inclusion and access to credit in the Colombian economy, which are key factors for sustainable economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Colombia's financial regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth and breadth of the Colombian financial system and inform policies aimed at promoting financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and can be influenced by changes in survey methodologies or regulatory reporting requirements.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Deposit Takers for Colombia (COLFCRODDPENUM), retrieved from FRED.