Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Chad
TCDFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,263.00
Year-over-Year Change
476.25%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the use of financial services by borrowers in Chad, specifically persons borrowing from commercial banks. This data is important for understanding the financial landscape 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 Borrowers: Persons Borrowing from Commercial Banks for Chad' series tracks the number of individuals in Chad who have taken out loans from commercial banks. This metric provides insight into the level of financial inclusion and the overall health of the banking sector in the country.
Methodology
The data is collected by the Central Bank of Chad and reported to the World Bank.
Historical Context
This trend is used by policymakers, economists, and financial institutions to assess the development of Chad's financial system and identify areas for potential improvement.
Key Facts
- Chad is a landlocked country in Central Africa.
- The banking sector in Chad is relatively underdeveloped.
- Financial inclusion is a key challenge for economic growth in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Chad who have taken out loans from commercial banks, providing insight into the level of financial inclusion and the health of the banking sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Chad's financial system and identifying areas for potential improvement, which is important for policymakers, economists, and financial institutions.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Chad and reported to the World Bank.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to assess the level of financial inclusion and the overall health of the banking sector in Chad, which is crucial for supporting economic growth and development.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or accuracy, as is common with economic indicators in developing countries.
Related Trends
Value of Exports to Chad from Georgia
GATCDA052SCEN
People 15 Years and Over with Account at a Formal Financial Institution for Chad
DDAI05TDA156NWDB
Number of Identified Exporters to Chad from Rhode Island
RITCDA475SCEN
Number of Identified Exporters to Chad from Florida
FLTCDA475SCEN
Bank's Non-Interest Income to Total Income for Chad
DDEI03TDA156NWDB
Population, Total for Chad
POPTOTTDA647NWDB
Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Chad (TCDFCRODCPENUM), retrieved from FRED.