Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Madagascar
MDGFCRODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.12
Year-over-Year Change
1000.90%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of household borrowers from commercial banks per 1,000 adults in Madagascar. It provides insight into access to financial services and credit market activity 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, Household Borrowers from Commercial Banks Per 1000 Adults for Madagascar' metric measures the ratio of Malagasy adults who have taken out loans from commercial banks. This indicator offers valuable data on financial inclusion and the development of the credit market.
Methodology
The data is collected through national surveys and reported by the Central Bank of Madagascar.
Historical Context
This trend is used by policymakers, development organizations, and economists to assess financial access and credit market conditions in Madagascar.
Key Facts
- Madagascar has a population of over 27 million people.
- Only 15% of Malagasy adults have a bank account.
- Access to credit is a major barrier to economic development.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of Malagasy adults who have borrowed from commercial banks per 1,000 population. It provides insight into financial inclusion and credit market activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing financial access and credit market conditions in Madagascar, which are key factors for economic development and household financial stability.
Q: How is this data collected or calculated?
A: The data is collected through national surveys and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and economists use this metric to evaluate financial inclusion efforts and design policies to improve access to credit and banking services in Madagascar.
Q: Are there update delays or limitations?
A: The data may have lags due to the survey-based collection process, and may not capture all informal lending activity 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 Madagascar (MDGFCRODCHANUM), retrieved from FRED.