Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Solomon Islands
SLBFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.64
Year-over-Year Change
5.08%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Solomon Islands, 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, Loan Accounts with Commercial Banks Per 1,000 Adults for Solomon Islands' series tracks the density of commercial bank loan accounts relative to the adult population, which is an important indicator of financial inclusion and the depth of the banking system.
Methodology
The data is collected by the World Bank through surveys and reported by national authorities.
Historical Context
This metric is used by policymakers and analysts to monitor financial sector development and access to credit in Solomon Islands.
Key Facts
- The latest data point shows 24.63 loan accounts per 1,000 adults in Solomon Islands.
- This metric has increased from 20.91 accounts per 1,000 adults in 2010.
- Solomon Islands' level of financial inclusion, as measured by this indicator, is lower than the global average.
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 Solomon Islands, 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 an important indicator of financial inclusion and the depth of the banking system, which is relevant for policymakers and analysts monitoring financial sector development and access to credit in Solomon Islands.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and reported by national authorities.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to monitor financial sector development and access to credit in Solomon Islands, which is relevant for policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be some delays in publication due to the survey-based nature of the data collection.
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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 Solomon Islands (SLBFCNODCANUM), retrieved from FRED.