Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Fiji
FJIFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.93
Year-over-Year Change
44.40%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans from commercial banks to households in Fiji as a percentage of GDP. It provides insights 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 outstanding loans from commercial banks to households in Fiji indicator reflects the extent to which the household sector is accessing credit from the formal banking system. This metric is used by economists and policymakers to gauge financial inclusion and the development of the financial sector.
Methodology
The data is collected and calculated by the Central Bank of Fiji.
Historical Context
This trend is relevant for understanding the depth of financial intermediation and credit market conditions in Fiji.
Key Facts
- Fiji's household credit-to-GDP ratio was 20.7% in 2021.
- Commercial bank lending to households has grown steadily in Fiji over the past decade.
- Improving financial inclusion is a key policy priority for the Fijian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Fiji as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and access to credit in the Fiji economy, which is important for understanding the development of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Fiji.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers in Fiji who are focused on improving financial inclusion and the overall development of the country's credit markets.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Fiji, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Fiji (FJIFCSODCHGGDPPT), retrieved from FRED.