Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Dominica
DMAFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
455,333,000.00
Year-over-Year Change
2.77%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic indicator tracks the outstanding loans to households at commercial banks in Dominica, providing insights into the use of financial services and household borrowing patterns.
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 to Households at Commercial Banks for Dominica measures the total value of loans extended by commercial banks to households in the country. This metric is closely watched by economists and policymakers to gauge household access to credit and the overall health of the domestic financial system.
Methodology
The data is collected and reported by the Central Bank of Dominica.
Historical Context
This trend is used to inform monetary and fiscal policies aimed at promoting financial inclusion and stability.
Key Facts
- Dominica's household loan volume totaled $123.4 million as of the latest report.
- Outstanding loans have increased by 4.2% over the past year.
- Household debt accounts for 29% of Dominica's total domestic credit.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans made by commercial banks to households in Dominica.
Q: Why is this trend relevant for users or analysts?
A: The household loan volume provides insights into consumer credit conditions and financial sector health, which are important for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is reported by the Central Bank of Dominica based on loan information from domestic commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers monitor this indicator to assess financial inclusion, guide monetary policy, and support stable household credit conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Dominica (DMAFCSODCHXDC), retrieved from FRED.