Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Kiribati
KIRFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.48
Year-over-Year Change
13.65%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the outstanding loans from commercial banks in Kiribati as a percentage of its gross domestic product. It provides insight into the level of financial intermediation and access to credit within the Kiribati 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 Kiribati' series tracks the value of outstanding loans from commercial banks in Kiribati as a share of its GDP. This indicator reflects the depth and development of the Kiribati financial system and the role of banks in mobilizing domestic savings and providing credit to the private sector.
Methodology
The data is collected and reported by the Central Bank of Kiribati.
Historical Context
This metric is used by policymakers and economists to assess financial inclusion and monitor the evolution of financial intermediation in Kiribati.
Key Facts
- Kiribati is a Pacific island nation with a population of around 119,000.
- The Kiribati economy is heavily dependent on foreign aid and remittances.
- Access to formal financial services remains limited in many parts of Kiribati.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Kiribati as a percentage of its gross domestic product, providing insight into the level of financial intermediation and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This indicator reflects the depth and development of the Kiribati financial system, which is important for assessing financial inclusion and monitoring the evolution of financial intermediation in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Kiribati.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess financial inclusion and monitor the evolution of financial intermediation in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to delays or limitations in reporting from the Central Bank of Kiribati.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Kiribati (KIRFCSODCGGDPPT), retrieved from FRED.