Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Ethiopia
ETHFCRMPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,332.00
Year-over-Year Change
-52.88%
Date Range
1/1/2006 - 1/1/2012
Summary
This economic trend measures the number of persons borrowing from other financial intermediaries in Ethiopia. It provides insights into the utilization of financial services and access to credit in the Ethiopian 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 Financial Intermediaries for Ethiopia' trend tracks the number of individuals who have obtained loans or credit from non-bank financial institutions in Ethiopia. This metric is used by economists and policymakers to assess financial inclusion and the development of the country's financial sector.
Methodology
The data is collected through household surveys and financial institution reporting.
Historical Context
This trend is relevant for analyzing financial access and credit markets in Ethiopia.
Key Facts
- Ethiopia's financial sector is predominantly cash-based.
- Access to credit remains a challenge for many Ethiopians.
- The government has initiatives to promote financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of persons in Ethiopia who have borrowed from non-bank financial institutions, such as microfinance providers or cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to credit in the Ethiopian economy, which is crucial for assessing economic development and financial sector growth.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and financial institution reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the effectiveness of initiatives aimed at improving financial inclusion and access to credit in Ethiopia.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential delays in reporting from survey and financial institution sources.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Ethiopia (ETHFCRMPENUM), retrieved from FRED.