Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Fiji
FJIFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.21
Year-over-Year Change
-13.40%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of household loan accounts per 1,000 adults with commercial banks in Fiji. It provides insight into the financial services usage and access 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 Household Loan Accounts with Commercial Banks Per 1,000 Adults for Fiji trend tracks the adoption and penetration of banking services among the adult population. It is a key indicator of financial inclusion and can inform policy decisions related to expanding access to credit and other financial products.
Methodology
The data is collected through surveys and reporting by commercial banks in Fiji.
Historical Context
This metric is used by policymakers, economists, and financial institutions to assess the development of Fiji's banking and credit markets.
Key Facts
- Fiji has a population of over 900,000 people.
- The number of household loan accounts per 1,000 adults in Fiji was 223 as of the latest data.
- Access to formal banking services is an important driver of economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household loan accounts per 1,000 adults with commercial banks in Fiji. It provides 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 metric is important for understanding the development of Fiji's banking and credit markets, which is crucial for economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by commercial banks operating in Fiji.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this indicator to assess financial inclusion and develop strategies to expand access to banking services and credit in Fiji.
Q: Are there update delays or limitations?
A: The data is updated periodically, but there may be some delays in reporting from financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Fiji (FJIFCNODCHANUM), retrieved from FRED.