Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Mozambique
MOZFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,625,022,472.78
Year-over-Year Change
205.46%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the outstanding loans at credit unions and financial cooperatives in Mozambique, providing insights into the use of financial services and access to credit 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 Mozambique represent the total value of loans extended by these institutions to individuals and businesses. This metric is used by economists and policymakers to assess the level of financial inclusion and the availability of credit in the Mozambican economy.
Methodology
The data is collected and reported by the Mozambican central bank.
Historical Context
This trend is relevant for understanding the development of Mozambique's financial sector and the government's efforts to promote financial inclusion.
Key Facts
- Mozambique has over 100 credit unions and financial cooperatives.
- Outstanding loans at these institutions reached $1.2 billion in 2021.
- The financial services sector accounts for 3.5% of Mozambique's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans at credit unions and financial cooperatives in Mozambique, providing insights into the use of financial services and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Mozambique's financial sector and the government's efforts to promote financial inclusion, which is crucial for economic growth and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Mozambican central bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the level of financial inclusion and the availability of credit in the Mozambican economy, which informs policies aimed at promoting financial sector development.
Q: Are there update delays or limitations?
A: The data is reported by the Mozambican central bank, and there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Mozambique (MOZFCSODUXDC), retrieved from FRED.