Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Madagascar
MDGFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,810,993,148,647.45
Year-over-Year Change
563.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans to households at commercial banks in Madagascar. It provides insights into the availability and utilization of financial services by households 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, Assets: Outstanding Loans to Households at Commercial Banks for Madagascar trend represents the total value of outstanding loans extended by commercial banks to households in the country. This metric is a key indicator of household access to and reliance on formal financial services.
Methodology
The data is collected by the central bank of Madagascar and reported to the International Monetary Fund.
Historical Context
This trend is closely monitored by policymakers and economists to assess the depth and inclusiveness of Madagascar's financial system.
Key Facts
- Madagascar's household loan volume reached $4.2 billion in 2021.
- Household loans account for 12% of total commercial bank assets in Madagascar.
- Loan growth has averaged 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans extended by commercial banks to households in Madagascar. It reflects the level of household access to formal credit and financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial inclusion and the development of Madagascar's banking sector. It provides insights into household borrowing patterns and the availability of credit for consumers.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Madagascar and reported to the International Monetary Fund as part of their financial sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the depth and accessibility of Madagascar's financial system. It informs decisions around financial sector regulation, consumer protection, and programs to promote financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 6 months. There may also be limitations in coverage, as the metric only reflects loans from the formal commercial banking sector and excludes other financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Madagascar (MDGFCSODCHXDC), retrieved from FRED.