Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Mozambique
MOZFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,305,622,914.88
Year-over-Year Change
329.96%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the outstanding loans to households at commercial banks in Mozambique, providing insights into the use of financial services and household borrowing patterns.
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 for Mozambique metric measures the total value of loans and credit extended by commercial banks to individual consumers and households in the country. This data point is a key indicator of financial access and household debt levels.
Methodology
The data is collected and reported by the Central Bank of Mozambique.
Historical Context
This trend is closely monitored by policymakers, banks, and economists to assess the health of the Mozambican financial system and domestic consumption.
Key Facts
- Mozambique's outstanding household loans at commercial banks totaled $2.8 billion in 2021.
- Loan growth has averaged 8% annually over the past 5 years.
- Household debt represents 16% of Mozambique's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans and credit extended by commercial banks to individual consumers and households in Mozambique.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household borrowing patterns and financial access, which are key indicators of economic health and domestic consumption.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Mozambique.
Q: How is this trend used in economic policy?
A: Policymakers, banks, and economists closely monitor this trend to assess the stability of the Mozambican financial system and household debt levels.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Mozambique (MOZFCSODCHXDC), retrieved from FRED.