Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Maldives
MDVFCRODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
321.08
Year-over-Year Change
135.25%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic indicator tracks the number of household borrowers from commercial banks per 1,000 adults in Maldives. It provides insights into the level of financial inclusion and access to credit for individuals 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 Maldives' metric measures the level of financial services utilization by households in Maldives. It is a key indicator of financial inclusion and access to credit for the general population.
Methodology
The data is collected and calculated by the World Bank based on national household survey and administrative data sources.
Historical Context
This indicator is relevant for policymakers and financial analysts assessing the development of the Maldivian financial sector and efforts to promote financial inclusion.
Key Facts
- Maldives had 429 household borrowers per 1,000 adults in 2017.
- The number of household borrowers has increased by 14% since 2010.
- Access to credit remains uneven, with significant rural-urban disparities.
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 Maldives. It provides insights into the level of financial inclusion and access to credit for individuals in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers and financial analysts assessing the development of the Maldivian financial sector and efforts to promote financial inclusion and access to credit for households.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national household survey and administrative data sources.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and institutions to evaluate the progress of financial inclusion initiatives and guide policies aimed at improving access to financial services for households in Maldives.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Maldives (MDVFCRODCHANUM), retrieved from FRED.