Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Zimbabwe
ZWEFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
741,796.54
Year-over-Year Change
498.70%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the use of financial services by borrowers in Zimbabwe, specifically the number of persons borrowing from commercial banks. It provides insight into the level of financial inclusion and access to credit within 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 Zimbabwe trend tracks the number of individuals who have taken out loans from commercial banks in the country. This metric is a key indicator of financial market development and can inform policy decisions related to financial inclusion and access to credit.
Methodology
The data is collected by the Central Bank of Zimbabwe through surveys and reporting from commercial banks operating in the country.
Historical Context
This trend is relevant for policymakers, financial institutions, and economists analyzing the health and growth of Zimbabwe's financial sector.
Key Facts
- Zimbabwe has a population of over 14 million people.
- The country's GDP per capita is around $1,500.
- Access to formal financial services is limited in rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Zimbabwe who are borrowing from commercial banks, providing insight into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development and growth of Zimbabwe's financial sector, which is crucial for economic progress and improving living standards.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Zimbabwe through surveys and reporting from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, financial institutions, and economists to assess the level of financial inclusion and access to credit, informing decisions related to financial sector development and regulation.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or limitations in coverage, as it relies on surveys and reporting from financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Zimbabwe (ZWEFCRODCPENUM), retrieved from FRED.