Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Mauritania
MRTFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
232.64
Year-over-Year Change
116.07%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in Mauritania as a percentage of the country's GDP. It provides insight into the level of financial intermediation and access to credit within the Mauritanian economy.
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: Key Indicators, Outstanding Loans from Commercial Banks for Mauritania metric tracks the stock of outstanding loans extended by commercial banks relative to the size of the Mauritanian economy. This indicator offers a measure of financial depth and is used by economists to assess the level of financial inclusion and development.
Methodology
The data is collected and reported by the Central Bank of Mauritania.
Historical Context
This metric is relevant for policymakers and analysts seeking to understand the role of the banking sector in Mauritania's economic growth and development.
Key Facts
- Mauritania's outstanding commercial bank loans were 13.7% of GDP in 2020.
- This indicator has increased from 10.9% of GDP in 2010.
- Financial deepening remains a key challenge for Mauritania's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Mauritania as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial intermediation and access to credit within the Mauritanian economy, which is relevant for understanding the country's financial development and economic growth prospects.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Mauritania.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the role of the banking sector in Mauritania's economic growth and development, and to inform policies aimed at promoting financial inclusion and deepening.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential revisions by the Central Bank of Mauritania.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Mauritania (MRTFCSODCGGDPPT), retrieved from FRED.