Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Fiji
FJIFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.36
Year-over-Year Change
-10.87%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Fiji, providing insights into financial inclusion and access to banking services.
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: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Fiji' data series tracks the level of financial inclusion in Fiji by measuring the prevalence of loan accounts held with commercial banks per 1,000 adults in the population.
Methodology
The data is collected by the World Bank through surveys and national statistics.
Historical Context
This indicator is used by policymakers and economists to assess financial development and monitor progress towards greater financial inclusion.
Key Facts
- Fiji's commercial bank loan accounts per 1,000 adults was 590.2 in 2017.
- The trend has increased from 548.4 accounts per 1,000 adults in 2011.
- Financial inclusion is a key development goal for many emerging economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held with commercial banks per 1,000 adults in Fiji, providing insights into financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing financial development and progress towards greater financial inclusion, which is a key policy goal for many emerging economies.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and national statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor financial inclusion and development, which informs policies aimed at expanding access to banking and other financial services.
Q: Are there update delays or limitations?
A: The data may have occasional delays in reporting and may not capture all informal financial activity, but it remains a valuable indicator of financial inclusion trends in Fiji.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Fiji (FJIFCNODCANUM), retrieved from FRED.