Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for Dominican Republic
DOMFCSMXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,343,862,200.00
Year-over-Year Change
118.60%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans at other financial intermediaries in the Dominican Republic, providing insights into the country's financial services and asset utilization.
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 Other Financial Intermediaries for the Dominican Republic tracks the total value of loans provided by non-bank financial institutions in the country. This metric is used to analyze the depth and accessibility of the Dominican financial system.
Methodology
The data is collected and reported by the Dominican Central Bank.
Historical Context
This trend is monitored by policymakers and analysts to assess the development of the Dominican financial sector and its role in supporting economic growth.
Key Facts
- The Dominican Republic is a middle-income country in the Caribbean.
- The financial sector plays a crucial role in the country's economic development.
- Outstanding loans at other financial intermediaries were $X.XX billion as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans provided by non-bank financial institutions in the Dominican Republic, such as finance companies, leasing firms, and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth and accessibility of the Dominican financial system, which is a key driver of economic growth and development in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Dominican Central Bank, the country's monetary authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the development of the Dominican financial sector and its role in supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly or annual basis, with a lag of several months. There may be some limitations in coverage or consistency across different financial intermediaries.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for Dominican Republic (DOMFCSMXDC), retrieved from FRED.