Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Czech Republic
CZEFCSODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
-89.57%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from credit unions and financial cooperatives in the Czech Republic as a percentage of GDP. It provides insights into the use and access to financial services 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 outstanding loans from credit unions and financial cooperatives in the Czech Republic represent the total value of loans extended by these institutions to individuals and businesses. This metric is used to assess the depth and breadth of financial intermediation and the overall development of the financial sector.
Methodology
The data is collected and reported by the Czech National Bank.
Historical Context
This indicator is useful for policymakers and analysts to evaluate the financial inclusion and access to credit in the Czech economy.
Key Facts
- Outstanding loans from credit unions and financial cooperatives in the Czech Republic were 0.7% of GDP in 2021.
- The indicator has trended upwards over the past decade, suggesting increasing financial inclusion.
- Credit unions and cooperatives play a significant role in providing access to financial services in rural and underserved areas of the Czech Republic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding loans from credit unions and financial cooperatives in the Czech Republic as a percentage of GDP, providing insights into the use and access to financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and analysts to evaluate the financial inclusion and access to credit in the Czech economy, which is an important aspect of financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Czech National Bank.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and institutions to assess the depth and breadth of financial intermediation and the overall development of the financial sector in the Czech Republic.
Q: Are there update delays or limitations?
A: The data is published regularly by the Czech National Bank, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Czech Republic (CZEFCSODUGGDPPT), retrieved from FRED.