Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Mauritania
MRTFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
283,106.00
Year-over-Year Change
353.86%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of people in Mauritania who borrow from commercial banks. It is a key indicator of financial inclusion and the health of the banking sector 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 Borrowers: Persons Borrowing from Commercial Banks for Mauritania tracks the total number of individuals in Mauritania who have outstanding loans with commercial banks. This metric provides insight into the level of financial access and banking activity within the Mauritanian economy.
Methodology
The data is collected through surveys and administrative records of commercial banks operating in Mauritania.
Historical Context
This trend is used by policymakers, financial institutions, and economists to assess the depth of financial intermediation and credit markets in Mauritania.
Key Facts
- Mauritania has a population of over 4.5 million people.
- The banking sector in Mauritania is dominated by a small number of commercial banks.
- Access to formal financial services remains limited in many parts of Mauritania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Mauritania who have outstanding loans with commercial banks, providing insight into financial inclusion and banking activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the depth of financial intermediation and credit markets in Mauritania, which is relevant for policymakers, financial institutions, and economists analyzing the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records of commercial banks operating in Mauritania.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, financial institutions, and economists to assess the level of financial inclusion and the overall health of the banking sector in Mauritania, which can inform policies aimed at promoting economic growth and development.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and potential limitations in coverage, as it relies on surveys and administrative records from commercial banks in Mauritania.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Mauritania (MRTFCRODCPENUM), retrieved from FRED.