Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Bolivia
BOLFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144,752,512,814.46
Year-over-Year Change
316.16%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Bolivia, 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 Bolivia trend represents the total value of loans extended by commercial banks to individuals and businesses in the Bolivian economy. This metric is used by economists and policymakers to gauge the level of financial intermediation and credit activity within the country.
Methodology
The data is collected and reported by the Central Bank of Bolivia.
Historical Context
This trend is relevant for understanding the health and development of Bolivia's financial sector and its ability to support economic growth.
Key Facts
- Bolivia's outstanding commercial bank loans totaled $22.5 billion in 2020.
- Loans have grown at an average annual rate of 8.4% over the past decade.
- The loan-to-GDP ratio in Bolivia was 36% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks to individuals and businesses in Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and credit activity in the Bolivian economy, which is important for assessing economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bolivia.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the health and development of Bolivia's financial sector and its ability to support economic growth.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reporting period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Bolivia (BOLFCSODCXDC), retrieved from FRED.