Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Maldives
MDVFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
491.31
Year-over-Year Change
244.68%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Maldives. It provides insights into financial inclusion and banking access within 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, Loan Accounts with Commercial Banks Per 1,000 Adults for Maldives' trend tracks the level of formal financial services utilization among the adult population. It is a key indicator of financial inclusion and can inform policy decisions aimed at expanding banking access.
Methodology
The data is collected and reported by the World Bank based on surveys and national statistics.
Historical Context
This trend is used by policymakers, economists, and financial institutions to assess the state of financial inclusion and development in Maldives.
Key Facts
- Maldives had 654 loan accounts per 1,000 adults in 2021.
- The trend has increased from 495 accounts per 1,000 adults in 2011.
- Financial inclusion is a key policy priority for the Maldivian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with commercial banks per 1,000 adults in Maldives, providing insights into financial inclusion and banking access.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of formal financial services utilization and can inform policy decisions aimed at expanding banking access and financial inclusion in Maldives.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on surveys and national statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to assess the state of financial inclusion and development in Maldives.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Maldives (MDVFCNODCANUM), retrieved from FRED.