Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Fiji
FJIFCNODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,867.00
Year-over-Year Change
-7.88%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of loan accounts held by households at commercial banks in Fiji. It provides insights into the financial services utilization and household borrowing activity in the Fijian 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: Number of Loan Accounts for Households at Commercial Banks for Fiji' metric tracks the total number of loan accounts maintained by households with commercial banks in Fiji. This data point is used by economists and policymakers to analyze household access to credit and the overall financial inclusion of the population.
Methodology
The data is collected by the Fijian central bank through surveys of commercial banks operating in the country.
Historical Context
This trend is relevant for understanding the state of financial development and the flow of credit to households in the Fijian market.
Key Facts
- Fiji is a developing island nation in the South Pacific.
- Commercial banks are a major source of household credit in Fiji.
- Access to financial services is a key driver of economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by households with commercial banks in Fiji. It provides insights into household access to credit and financial inclusion in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the state of financial development and the flow of credit to households in the Fijian economy, which is crucial for economic growth and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Fiji through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financial inclusion of Fijian households and inform policies aimed at improving 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 by commercial banks, and it may not capture all informal lending activities in the Fijian economy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Fiji (FJIFCNODCHNUM), retrieved from FRED.