Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Dominica
DMAFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.41
Year-over-Year Change
-22.20%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the use of financial services in Dominica, specifically the outstanding loans from commercial banks as a percentage of GDP. It provides insights into the level of financial intermediation 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, Outstanding Loans from Commercial Banks for Dominica trend represents the total value of outstanding loans from commercial banks in Dominica, expressed as a percentage of the country's GDP. This metric is a crucial indicator of financial sector development and the ability of businesses and individuals to access credit.
Methodology
The data is collected by the Central Bank of Dominica and reported to the International Monetary Fund.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the depth and efficiency of Dominica's financial system and its impact on economic growth and development.
Key Facts
- Dominica's outstanding loans from commercial banks were 52.4% of GDP in 2020.
- The trend has declined from a high of 60.7% of GDP in 2015.
- Improved access to credit is a key goal for Dominica's economic policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks in Dominica, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and efficiency of Dominica's financial system, as well as the ability of businesses and individuals to access credit, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Dominica and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to assess the state of Dominica's financial sector and its impact on the broader economy, informing policy decisions aimed at promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and practices of the Central Bank of Dominica and the International Monetary Fund, which may result in occasional delays in updates or data revisions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Dominica (DMAFCSODCGGDPPT), retrieved from FRED.