Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Romania
ROUFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
413.39
Year-over-Year Change
12.33%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Romania. It provides insights into the use and accessibility 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, Loan Accounts with Commercial Banks Per 1,000 Adults for Romania' series tracks the availability and adoption of formal banking services among the adult population. This metric is used by economists and policymakers to evaluate financial inclusion and the development of the banking sector.
Methodology
The data is collected by the World Bank through household and enterprise surveys.
Historical Context
This indicator is relevant for assessing the health of Romania's financial system and the government's efforts to promote greater financial access.
Key Facts
- Romania had 654 loan accounts per 1,000 adults in 2017.
- Financial inclusion has been a policy priority in Romania in recent years.
- Access to formal banking services varies across different regions of the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with commercial banks per 1,000 adults in Romania, providing insights into the use and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for assessing the health of Romania's financial system and the government's efforts to promote greater financial inclusion and access to banking services.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through household and enterprise surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the development of Romania's banking sector and the effectiveness of policies aimed at increasing financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Romania (ROUFCNODCANUM), retrieved from FRED.