Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Kiribati
KIRFCRODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.83
Year-over-Year Change
94.65%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic indicator tracks the number of household borrowers from commercial banks per 1,000 adults in Kiribati, providing insights into financial services usage and access.
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, Household Borrowers from Commercial Banks Per 1000 Adults for Kiribati' series measures the level of access to formal banking services by households in Kiribati. This metric is used by economists and policymakers to assess financial inclusion and the overall development of the nation's financial sector.
Methodology
The data is collected by the Central Bank of Kiribati through surveys and administrative records of commercial bank lending.
Historical Context
This indicator is relevant for evaluating progress towards financial inclusion goals and informing policies aimed at expanding access to credit and other financial services.
Key Facts
- Kiribati has a population of around 120,000 people.
- The number of household borrowers from commercial banks per 1,000 adults in Kiribati was 31.9 as of the latest data.
- Financial inclusion is a key development priority for the government of Kiribati.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of household borrowers from commercial banks per 1,000 adults in Kiribati, providing insights into the level of access to formal financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the development of Kiribati's financial sector, which are key priorities for economic and social progress.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Kiribati through surveys and administrative records of commercial bank lending.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to inform policies and programs aimed at expanding access to credit and other financial services for households in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and may not capture all informal financial activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Kiribati (KIRFCRODCHANUM), retrieved from FRED.