Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Kiribati
KIRFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,870.00
Year-over-Year Change
103.04%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Kiribati. It provides insights into the financial behavior and access to credit within the Kiribati 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 Borrowers: Households Borrowing from Commercial Banks for Kiribati' series tracks the volume of household borrowing from commercial banks in Kiribati. This metric is a key indicator of financial inclusion and the role of the banking sector in supporting household financing needs.
Methodology
The data is collected by the Central Bank of Kiribati through surveys of commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers and financial regulators to assess the effectiveness of financial inclusion initiatives and credit access policies.
Key Facts
- Kiribati is a Pacific island nation with a population of around 120,000.
- The banking sector in Kiribati is dominated by a few commercial banks.
- Financial inclusion remains a challenge, with limited access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of household borrowing from commercial banks in Kiribati, providing insights into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the role of the banking sector in supporting household financing needs and the overall state of financial inclusion in Kiribati.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Kiribati through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators closely monitor this trend to assess the effectiveness of financial inclusion initiatives and credit access policies in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential limitations in coverage or reporting from the surveyed commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Kiribati (KIRFCRODCHPENUM), retrieved from FRED.