Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Lao People's Democratic Republic
LAOFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,557,968,816.67
Year-over-Year Change
-98.99%
Date Range
1/1/2008 - 1/1/2022
Summary
This economic trend measures the outstanding loans at commercial banks in Lao PDR, providing insights into the utilization of financial services and the overall credit environment.
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 at commercial banks in Lao PDR serve as an indicator of the level of financial intermediation and credit activity in the economy. This metric is closely monitored by policymakers and economists to assess the financial health and development of the country.
Methodology
The data is collected and reported by the central bank of Lao PDR.
Historical Context
This trend is relevant for analyzing the development of the Lao financial sector and informing policies aimed at promoting financial inclusion and economic growth.
Key Facts
- Lao PDR is a landlocked country in Southeast Asia.
- The banking sector in Lao PDR is dominated by state-owned commercial banks.
- Improving access to financial services is a key development priority for the Lao government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans at commercial banks in Lao PDR, providing insights into the level of financial intermediation and credit activity in the economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of the Lao financial sector and informing policies aimed at promoting financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank of Lao PDR.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the financial health and development of Lao PDR, and to inform policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or updates, and may not capture all financial intermediation activities in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Lao People's Democratic Republic (LAOFCSODCXDC), retrieved from FRED.