Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for St. Lucia
SLAFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,536,254,000.00
Year-over-Year Change
6.67%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in St. Lucia, providing insight into the use of financial services and lending activity within the country's banking system.
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 St. Lucia metric tracks the total value of loans and other credit extended by commercial banks operating in St. Lucia. This data point is a key indicator of financial intermediation and can offer perspectives on the level of economic activity and credit access within the local market.
Methodology
The data is collected by the Central Bank of St. Lucia and reported to the International Monetary Fund.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of the St. Lucian banking sector and domestic credit conditions.
Key Facts
- St. Lucia is a Caribbean island nation.
- Commercial banks are a key provider of credit in the St. Lucian economy.
- Loan volumes reflect the level of economic activity and access to finance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans and other credit extended by commercial banks operating in St. Lucia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of financial intermediation and credit conditions within the St. Lucian economy, which is useful for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of St. Lucia and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the health of the St. Lucian banking sector and assess domestic credit conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or consistency over time.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for St. Lucia (SLAFCSODCXDC), retrieved from FRED.