Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for El Salvador
SLVFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
382.51
Year-over-Year Change
10.67%
Date Range
1/1/2008 - 1/1/2016
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in El Salvador, 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 'Borrowers from Commercial Banks Per 1,000 Adults' metric tracks the availability and utilization of formal banking services in El Salvador. It is a key indicator of financial inclusion and the development of the country's financial sector.
Methodology
The data is collected and calculated by the World Bank using household survey and financial institution reports.
Historical Context
This indicator is used by policymakers, economists, and development organizations to assess financial access and guide policies aimed at promoting financial inclusion.
Key Facts
- The number of borrowers from commercial banks per 1,000 adults in El Salvador was 250 in 2017.
- El Salvador's financial inclusion rate, as measured by this indicator, is lower than the regional average for Latin America and the Caribbean.
- Increasing access to formal banking services is a key priority for economic development in El Salvador.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in El Salvador, providing insights into the use of formal financial services and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key measure of financial inclusion and the development of El Salvador's financial sector, which is crucial for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household survey and financial institution reports.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and development organizations use this indicator to assess financial access and guide policies aimed at promoting financial inclusion in El Salvador.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or consistency across different countries and time periods.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for El Salvador (SLVFCRODCANUM), retrieved from FRED.