Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Comoros
COMFCRMPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
692.00
Year-over-Year Change
4.06%
Date Range
1/1/2004 - 1/1/2010
Summary
This economic trend measures the use of financial services by borrowers in Comoros, specifically the number of persons borrowing from other financial intermediaries. It provides insights into the depth and access to 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 Borrowers: Persons Borrowing from Other Financial Intermediaries for Comoros' metric tracks the total number of individuals in Comoros who have obtained loans or credit from non-bank financial institutions. This data point is an important indicator of financial inclusion and the development of the broader financial sector.
Methodology
The data is collected through national household surveys and financial institution reporting.
Historical Context
This trend is used by policymakers, development organizations, and financial analysts to assess financial access and monitor progress towards financial inclusion goals.
Key Facts
- Comoros had 15,787 persons borrowing from other financial intermediaries in 2017.
- Financial inclusion remains a challenge, with only 20% of adults in Comoros having a bank account.
- The government of Comoros has initiatives to expand access to credit and digital financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Comoros who have obtained loans or credit from non-bank financial institutions, providing insights into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the development of the financial sector, evaluating progress towards financial inclusion goals, and informing policy decisions aimed at improving access to credit and other financial services.
Q: How is this data collected or calculated?
A: The data is collected through national household surveys and financial institution reporting.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial analysts use this trend to monitor financial inclusion and inform policies and initiatives aimed at expanding access to credit and other financial services.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting, and the availability and quality of the information can vary across different countries and time periods.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Comoros (COMFCRMPENUM), retrieved from FRED.