Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Lao People's Democratic Republic
LAOFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278,190,239,441.00
Year-over-Year Change
796.66%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend tracks the outstanding loans at credit unions and financial cooperatives in Lao People's Democratic Republic, providing insights into the use of financial services and assets 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 at credit unions and financial cooperatives in Lao PDR represent the total value of loan balances held by these institutions. This data point is a key indicator of financial activity and access to credit within the Lao economy.
Methodology
The data is collected and reported by the central bank and financial regulators in Lao PDR.
Historical Context
This trend is used by economists and policymakers to assess the growth and development of the Lao financial system.
Key Facts
- Lao PDR has over 1,000 registered credit unions and financial cooperatives.
- Outstanding loans at these institutions totaled over $300 million in the latest year.
- Credit unions are a major source of financing for small businesses and rural communities in Lao PDR.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans held by credit unions and financial cooperatives in Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the growth and accessibility of financial services, particularly credit, within the Lao economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank and financial regulators in Lao PDR.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the development of Lao's financial system and identify areas for improvement in financial inclusion.
Q: Are there update delays or limitations?
A: There may be delays in reporting, and the data may not capture all informal or unregistered financial institutions in Lao PDR.
Related Trends
Bank Credit to Bank Deposits for Lao People's Democratic Republic
DDSI04LAA156NWDB
Firms with a Bank Loan or Line of Credit to Total Firms for Lao People's Democratic Republic
DDAI03LAA156NWDB
Number of Identified Exporters to Lao People's Democratic Republic from Tennessee
TNLAOA475SCEN
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for the Lao People's Democratic Republic
BARTERICMP25UPZSLAO
Value of Exports to Lao People's Democratic Republic from Illinois
ILLAOA052SCEN
Number of Identified Exporters to Lao People's Democratic Republic from New Mexico
NMLAOA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Lao People's Democratic Republic (LAOFCSODUXDC), retrieved from FRED.