Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Mozambique
MOZFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.02
Year-over-Year Change
103.51%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of borrowers from commercial banks per 1,000 adults in Mozambique, providing insights into the use of financial services 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 Mozambique' metric measures the level of financial inclusion and access to formal banking services in Mozambique. It is a valuable indicator for policymakers and economists to assess the development of the country's financial sector and financial access for its population.
Methodology
This data is collected and calculated by the World Bank using national sources and survey data.
Historical Context
The metric is used by economists, policymakers, and international organizations to evaluate financial inclusion and guide policies aimed at expanding access to financial services.
Key Facts
- Mozambique had 59.7 borrowers from commercial banks per 1,000 adults in 2021.
- Financial inclusion is a key development priority for Mozambique's government.
- Access to formal banking services remains limited in rural and remote areas of Mozambique.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of borrowers from commercial banks per 1,000 adults in Mozambique, providing insights into the use of financial services and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers, economists, and international organizations to assess the development of Mozambique's financial sector and the level of financial inclusion for the population.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national sources and survey data.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to evaluate financial inclusion and guide policies aimed at expanding access to financial services in Mozambique.
Q: Are there update delays or limitations?
A: The data may have some delays in updates due to the time required for national-level data collection and compilation.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Mozambique (MOZFCRODCANUM), retrieved from FRED.