Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Liberia
LBRFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,523,000,000.00
Year-over-Year Change
65.54%
Date Range
1/1/2016 - 1/1/2021
Summary
This economic trend measures the outstanding loans at commercial banks in Liberia, providing insights into the level of financial services utilization and credit availability 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 Liberia' metric represents the total value of loans extended by commercial banks operating in Liberia. This data point is used by economists and policymakers to analyze the depth and accessibility of the Liberian financial system.
Methodology
The data is collected and reported by the Central Bank of Liberia.
Historical Context
This trend is relevant for understanding the flow of credit and the health of the Liberian banking sector, which are important factors in economic growth and development.
Key Facts
- Liberia has 9 commercial banks as of 2022.
- The total value of outstanding loans was $590 million in 2021.
- Lending to the private sector accounts for over 80% of total bank loans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by commercial banks operating in Liberia. It provides insights into the level of credit and financial services utilization in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth and accessibility of the Liberian financial system, which is a key driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Liberia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health of the Liberian banking sector and the flow of credit to businesses and consumers, which informs decisions on monetary and financial policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in the reporting of this data by the Central Bank of Liberia. The availability and timeliness of the information can vary.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Liberia (LBRFCSODCXDC), retrieved from FRED.