Use of Financial Services, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Dominican Republic
DOMFCSODUHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,689,943,060.48
Year-over-Year Change
807.62%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding loans to households at credit unions and financial cooperatives in the Dominican Republic. It provides insights into the availability and utilization of financial services for individuals 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 to Households at Credit Unions and Financial Cooperatives for the Dominican Republic is an indicator that reflects the total value of loans extended by these institutions to households. It offers a glimpse into the level of financial inclusion and access to credit for Dominican households.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This trend is relevant for policymakers and analysts seeking to understand the depth and breadth of financial services penetration in the Dominican economy.
Key Facts
- The Dominican Republic has over 250 credit unions and financial cooperatives.
- Household loans from these institutions account for a significant portion of total lending in the country.
- Access to credit from cooperative financial institutions is an important driver of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans extended by credit unions and financial cooperatives to households in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to credit for Dominican households, which is an important factor in evaluating the overall development of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Dominican Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the depth and breadth of financial services penetration in the Dominican economy, which can inform policy decisions related to financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the Central Bank of the Dominican Republic, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Dominican Republic (DOMFCSODUHXDC), retrieved from FRED.