Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Fiji
FJIFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,169,171,492.82
Year-over-Year Change
160.84%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans to households at commercial banks in Fiji. It provides insight into the level of household borrowing and financial service usage in the Fijian 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 to households at commercial banks in Fiji is an important indicator of household access to credit and financial services. It reflects the ability of households to borrow and invest, which has implications for consumer spending, economic growth, and financial stability.
Methodology
The data is collected and reported by the Fijian central bank and commercial banks.
Historical Context
This trend is closely monitored by policymakers, financial institutions, and economists to assess the health of the Fijian household sector and credit market.
Key Facts
- Fiji is a small island nation in the South Pacific.
- Household borrowing is a key driver of consumer spending in Fiji.
- Commercial banks are the primary source of household credit in Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to households made by commercial banks in Fiji. It provides insight into the level of household borrowing and use of financial services in the Fijian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of household access to credit and financial services, which has implications for consumer spending, economic growth, and financial stability in Fiji.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Fijian central bank and commercial banks.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, financial institutions, and economists to assess the health of the Fijian household sector and credit market.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and practices of the Fijian central bank and commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Fiji (FJIFCSODCHXDC), retrieved from FRED.