Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Aruba
ABWFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.26
Year-over-Year Change
-6.27%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans from commercial banks to households in Aruba as a percentage of the country's gross domestic product (GDP). It provides insights into the level of household borrowing and financial intermediation in the Aruban economy.
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 to Households for Aruba metric tracks the volume of loans extended by commercial banks to individuals and households in Aruba. This indicator offers valuable insights into the depth and accessibility of the country's financial system and the extent of household leverage.
Methodology
The data is collected and calculated by the Central Bank of Aruba based on reports from commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers, financial institutions, and economists to assess the financial health and stability of the Aruban economy.
Key Facts
- Aruba's household debt-to-GDP ratio was 31.2% in 2020.
- Commercial bank loans to households account for a significant portion of total bank lending in Aruba.
- The trend in household borrowing is closely monitored by the Central Bank of Aruba.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Aruba as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of household borrowing and financial intermediation in the Aruban economy, which is important for assessing financial stability and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Aruba based on reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, financial institutions, and economists to assess the financial health and stability of the Aruban economy.
Q: Are there update delays or limitations?
A: The data is published with minimal delay, but there may be occasional revisions or limitations due to changes in reporting or methodologies.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Aruba (ABWFCSODCHGGDPPT), retrieved from FRED.