Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Namibia
NAMFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.11
Year-over-Year Change
-27.37%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Namibia, providing insights into the usage of financial services 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 Namibia' series tracks the ratio of commercial bank borrowers to the adult population, which is a key indicator of financial inclusion and access to credit in the Namibian economy.
Methodology
The data is collected and calculated by the Namibia Statistics Agency.
Historical Context
This trend is widely used by policymakers, economists, and financial institutions to evaluate financial sector development and design policies to promote greater financial inclusion.
Key Facts
- Namibia had 457 commercial bank borrowers per 1,000 adults in 2021.
- The trend has shown steady growth in financial inclusion since 2010.
- Namibia aims to achieve 90% financial inclusion by 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Namibia, providing insights into the usage of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial inclusion and access to credit, which are important for economic development and financial sector stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Namibia Statistics Agency.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial institutions use this trend to evaluate financial sector development and design policies to promote greater financial inclusion in Namibia.
Q: Are there update delays or limitations?
A: The data is published regularly by the Namibia Statistics Agency, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Namibia (NAMFCRODCANUM), retrieved from FRED.