Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Fiji
FJIFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,908,983,080.74
Year-over-Year Change
161.58%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans at commercial banks in Fiji, providing insights into the usage of financial services and the overall lending activity 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 at Commercial Banks for Fiji series tracks the total value of loans issued by commercial banks in Fiji. This metric is widely used by economists and policymakers to analyze the level of financial intermediation and the availability of credit within the Fijian economy.
Methodology
The data is collected and reported by the Central Bank of Fiji.
Historical Context
This trend is closely monitored by financial institutions, regulators, and policymakers to assess the health of the Fijian banking sector and the broader economic conditions.
Key Facts
- Fiji's outstanding commercial bank loans totaled $3.8 billion as of 2021.
- Lending activity has grown by an average of 5% annually over the past decade.
- The ratio of commercial bank loans to Fiji's GDP was approximately 40% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans issued by commercial banks in Fiji, providing insights into the level of financial intermediation and credit availability in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists, policymakers, and financial institutions to assess the health of the Fijian banking sector and the broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Fiji.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to evaluate the effectiveness of monetary and financial policies, as well as to identify potential risks or imbalances in the Fijian banking system.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically within a few months of the reference period, and may be subject to periodic revisions by the Central Bank of Fiji.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Fiji (FJIFCSODCXDC), retrieved from FRED.