Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Kiribati
KIRFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,897,000.00
Year-over-Year Change
298.18%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the outstanding loans to households at commercial banks in Kiribati. It provides insights into the level of consumer credit and financial services utilization 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 outstanding loans to households at commercial banks indicator represents the total value of loans extended by commercial banks to individual consumers in Kiribati. This metric is used by economists and policymakers to assess the level of household financial inclusion and credit activity in the economy.
Methodology
The data is collected by the Central Bank of Kiribati through surveys of commercial banking institutions.
Historical Context
This trend is monitored by policymakers to understand household borrowing patterns and guide financial regulation and inclusion initiatives.
Key Facts
- Kiribati has a population of over 110,000 people.
- The banking sector in Kiribati is dominated by a few major commercial institutions.
- Household debt levels in Kiribati are generally low compared to other Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks to households in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of consumer credit activity and financial inclusion in the Kiribati economy, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Kiribati through surveys of commercial banking institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to understand household borrowing patterns and guide financial regulation and inclusion initiatives in Kiribati.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by the Central Bank of Kiribati.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Kiribati (KIRFCSODCHXDC), retrieved from FRED.