Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Kyrgyz Republic
KGZFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
916,730.00
Year-over-Year Change
546.55%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the number of individuals borrowing from commercial banks in Kyrgyzstan. It provides insights into the level of financial inclusion and access to credit 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 Borrowers: Persons Borrowing from Commercial Banks for Kyrgyz Republic data series tracks the total number of adult individuals who have outstanding loans from commercial banks. This metric helps economists and policymakers assess the depth of financial intermediation and monitor financial sector development.
Methodology
The data is collected through household and enterprise surveys by the National Bank of the Kyrgyz Republic.
Historical Context
This indicator is used to evaluate progress towards financial inclusion goals and identify areas for policy intervention.
Key Facts
- Kyrgyzstan had 1.3 million commercial bank borrowers in 2021.
- The borrowing rate in Kyrgyzstan is 18.3% of the adult population.
- Borrowing from commercial banks has increased by 7.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of adult individuals in Kyrgyzstan who have outstanding loans from commercial banks.
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 Kyrgyz Republic, which is important for evaluating financial sector development and progress towards policy goals.
Q: How is this data collected or calculated?
A: The data is collected through household and enterprise surveys conducted by the National Bank of the Kyrgyz Republic.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess financial inclusion and identify areas for policy intervention to improve access to credit and banking services.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in the financial services market.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Kyrgyz Republic (KGZFCRODCPENUM), retrieved from FRED.