Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Dominican Republic
DOMFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106,779,215,063.40
Year-over-Year Change
588.88%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans at credit unions and financial cooperatives in the Dominican Republic, providing insights into the utilization of financial services and credit 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 at credit unions and financial cooperatives in the Dominican Republic represent the total value of loans held by these institutions. This metric is used to analyze the level of financial inclusion and the accessibility of credit services for individuals and businesses in the Dominican Republic.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts to assess the depth and development of the Dominican Republic's financial sector.
Key Facts
- The Dominican Republic is an upper-middle-income country in the Caribbean.
- Credit unions and financial cooperatives play a significant role in providing financial services to underserved populations.
- Outstanding loans at these institutions are an indicator of financial inclusion and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans held by credit unions and financial cooperatives in the Dominican Republic, providing insights into the utilization of financial services and credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and financial analysts to assess the depth and development of the Dominican Republic's financial sector, particularly the role of credit unions and cooperatives in providing financial services and credit to individuals and businesses.
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: This trend is used by policymakers and economists to understand the level of financial inclusion and the accessibility of credit services in the Dominican Republic, which can inform policies and initiatives aimed at promoting financial sector development and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of 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 at Credit Unions and Financial Cooperatives for Dominican Republic (DOMFCSODUXDC), retrieved from FRED.