Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Fiji
FJIFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,073.00
Year-over-Year Change
242.18%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend tracks the number of loan accounts at other deposit takers in Fiji, providing insights into the use of 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: Number of Loan Accounts at Other Deposit Takers for Fiji' measures the total number of loan accounts held at non-bank financial institutions in Fiji, such as credit unions and microfinance providers. This data point offers valuable insights into financial inclusion and the broader state of the Fijian economy.
Methodology
The data is collected by the Reserve Bank of Fiji through surveys of non-bank deposit-taking institutions.
Historical Context
This trend is useful for policymakers and economists analyzing financial market development and access to credit in Fiji.
Key Facts
- Fiji has a population of over 900,000 people.
- The Fijian economy is primarily driven by tourism, agriculture, and fisheries.
- Financial inclusion is a key priority for the Fijian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at non-bank financial institutions in Fiji, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and the broader state of the Fijian economy, which is useful for policymakers and economists analyzing financial market development and access to credit.
Q: How is this data collected or calculated?
A: The data is collected by the Reserve Bank of Fiji through surveys of non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze financial market development and access to credit in Fiji, which is crucial for promoting economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the surveys conducted by the Reserve Bank of Fiji.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Fiji (FJIFCNODDNUM), retrieved from FRED.