Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Lao People's Democratic Republic
LAOFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.02
Year-over-Year Change
-31.50%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in the Lao People's Democratic Republic. It provides insights into 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: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Lao People's Democratic Republic' series tracks the level of financial intermediation and credit access within the Lao economy. It is a key indicator of financial development and inclusion.
Methodology
The data is collected and reported by the World Bank using information from national central banks and statistical agencies.
Historical Context
This metric is widely used by policymakers, development institutions, and economists to assess financial sector progress and guide policies aimed at improving access to banking services.
Key Facts
- Lao PDR had 237 commercial bank borrowers per 1,000 adults in 2021.
- Financial inclusion is a key development priority for the Lao government.
- Improving access to credit is crucial for supporting small businesses and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to credit, which are important indicators of economic development and financial sector progress in Lao PDR.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using information from national central banks and statistical agencies.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, development institutions, and economists to assess financial sector progress and guide policies aimed at improving access to banking services.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may be subject to revisions based on updated information from national sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Lao People's Democratic Republic (LAOFCRODCANUM), retrieved from FRED.