Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Belarus
BLRFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.46
Year-over-Year Change
-99.99%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the outstanding loans from commercial banks to households in Belarus as a percentage of GDP. It provides insight into the level of financial services usage and access in the Belarusian 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 Belarus metric represents the total value of outstanding loans from commercial banks to households, expressed as a percentage of Belarus' gross domestic product. This indicator reflects the depth and breadth of household financial inclusion and access to credit in the country.
Methodology
The data is collected by the National Bank of the Republic of Belarus and reported to the World Bank.
Historical Context
Policymakers and analysts use this metric to assess financial sector development and household financial health in Belarus.
Key Facts
- Belarus' household loan-to-GDP ratio was 16.3% in 2021.
- The ratio has declined from a high of 20.4% in 2013.
- Household debt levels in Belarus are low compared to other European countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks to households in Belarus, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the depth and breadth of household financial inclusion and access to credit in the Belarusian economy, which is useful for policymakers and analysts assessing financial sector development.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of the Republic of Belarus and reported to the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector development and household financial health in Belarus.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required for collection and reporting by the National Bank of the Republic of Belarus.
Related Trends
Number of Identified Exporters to Belarus from Iowa
IABLRA475SCEN
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Belarus
DDOI10BYA156NWDB
Number of Identified Exporters to Belarus from Oklahoma
OKBLRA475SCEN
Number of Identified Exporters to Belarus from Ohio
OHBLRA475SCEN
Number of Identified Exporters to Belarus from South Carolina
SCBLRA475SCEN
Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Belarus
BLRFCAOFILNNUM
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Belarus (BLRFCSODCHGGDPPT), retrieved from FRED.