Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Namibia
NAMFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145,876.00
Year-over-Year Change
177.16%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Namibia. It provides insight into consumer credit conditions and household financial behavior 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: Households Borrowing from Commercial Banks for Namibia metric tracks the total value of loans extended by commercial banks to Namibian households. This data point is used by economists and policymakers to assess the level of consumer credit access and the overall health of the country's banking sector.
Methodology
The data is collected by the Central Bank of Namibia through surveys of commercial lending institutions.
Historical Context
Trends in household borrowing are closely monitored by Namibian financial regulators and market analysts to gauge consumer confidence and credit market dynamics.
Key Facts
- Namibia has a population of over 2.5 million people.
- The Namibian economy is heavily dependent on mining and agriculture exports.
- The Bank of Namibia is the country's central banking authority.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of loans extended by commercial banks to households in Namibia. It provides insight into consumer credit conditions and financial behavior in the country.
Q: Why is this trend relevant for users or analysts?
A: Trends in household borrowing are closely monitored by economists and policymakers to gauge consumer confidence, credit market dynamics, and the overall health of the Namibian banking sector.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Namibia through surveys of commercial lending institutions operating in the country.
Q: How is this trend used in economic policy?
A: Namibian financial regulators and market analysts use this data to monitor consumer credit access and make informed decisions about monetary and economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Central Bank of Namibia, which may result in occasional delays or limitations in coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Namibia (NAMFCRODCHPENUM), retrieved from FRED.