Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Fiji
FJIFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.68
Year-over-Year Change
44.82%
Date Range
1/1/2004 - 1/1/2022
Summary
This trend measures the outstanding loans from commercial banks in Fiji as a percentage of the country's gross domestic product (GDP). It provides insight into the level of financial intermediation and access to credit in the Fiji economy.
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: Key Indicators, Outstanding Loans from Commercial Banks for Fiji metric tracks the total value of loans extended by commercial banks in Fiji relative to the size of the country's overall economic output. This indicator is used by economists and policymakers to assess financial market development and the degree of financial inclusion within the Fiji economy.
Methodology
The data is collected and calculated by the Fiji Bureau of Statistics and the Reserve Bank of Fiji.
Historical Context
This trend is relevant for understanding financial market conditions and informing economic policies in Fiji.
Key Facts
- Outstanding commercial bank loans in Fiji averaged 42% of GDP from 2008 to 2020.
- Fiji's ratio of commercial bank loans to GDP is lower than the global average of 50%.
- Access to credit is an important driver of private investment and economic growth in Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks in Fiji as a percentage of the country's gross domestic product (GDP). It provides insight into the level of financial intermediation and access to credit in the Fiji economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used by economists and policymakers to assess financial market development and the degree of financial inclusion within the Fiji economy, which is an important driver of private investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Fiji Bureau of Statistics and the Reserve Bank of Fiji.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding financial market conditions and informing economic policies in Fiji, such as those aimed at promoting financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data is published regularly by the Fiji Bureau of Statistics and the Reserve Bank of Fiji, but there may be some delays in data availability or limitations in coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Fiji (FJIFCSODCGGDPPT), retrieved from FRED.