Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Benin
BENFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,079,874,000,000.00
Year-over-Year Change
224.07%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Benin, providing insights into the use of financial services and assets 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 at Commercial Banks for Benin metric tracks the total value of loans issued by commercial banks operating in Benin. This indicator offers insights into the level of financial intermediation and economic activity in the country.
Methodology
The data is collected and reported by the Central Bank of Benin.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the health of Benin's financial sector and overall economic conditions.
Key Facts
- Benin's commercial bank loans reached a high of $4.3 billion in 2020.
- Loans have grown by an average of 7% annually over the past decade.
- The financial services sector accounts for approximately 20% of Benin's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans issued by commercial banks operating in Benin, providing insights into the level of financial intermediation and economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and economists to assess the health of Benin's financial sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Benin.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the level of financial intermediation and economic activity in Benin, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay by the Central Bank of Benin.
Related Trends
Number of Identified Exporters to Benin from Oklahoma
OKBENA475SCEN
U.S. Imports of Goods by Customs Basis from Benin
IMP7610
Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Benin
BENFCRODUPENUM
Use of Financial Services: Number of Depositors at Credit Unions and Financial Cooperatives for Benin
BENFCDODUPENUM
Population ages 65 and above for Benin
SPPOP65UPTOZSBEN
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Benin
BENFCACNUM
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Benin (BENFCSODCXDC), retrieved from FRED.