Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Madagascar
MDGFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,604,860,341,332.10
Year-over-Year Change
280.96%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Madagascar, 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 Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Madagascar metric tracks the total value of loans held by commercial banks in Madagascar. This data point is used by economists and policymakers to analyze the level of financial intermediation and access to credit within the Malagasy economy.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This trend is relevant for understanding the depth and development of Madagascar's financial sector and its role in supporting economic growth.
Key Facts
- Madagascar has a population of over 27 million people.
- The Malagasy economy is primarily agricultural, with exports of vanilla, cloves, and coffee.
- Access to financial services remains limited in many rural areas of Madagascar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by commercial banks in Madagascar, providing insights into the use of financial services and assets in the country.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the depth and development of Madagascar's financial sector and its role in supporting economic growth and access to credit.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the level of financial intermediation and access to credit within the Malagasy economy, which can inform policies aimed at promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations in coverage, particularly in more remote or underserved regions of Madagascar.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Madagascar (MDGFCSODCXDC), retrieved from FRED.