Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Solomon Islands
SLBFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168,000,000.00
Year-over-Year Change
740.00%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the outstanding loans issued by other deposit-taking institutions in the Solomon Islands. It provides insights into the level of financial intermediation and credit activity in the country's financial 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 Other Deposit Takers for Solomon Islands tracks the total value of loans and advances extended by non-bank deposit-taking institutions, such as credit unions and microfinance providers. This metric is used by economists and policymakers to gauge the depth and breadth of financial inclusion in the Solomon Islands.
Methodology
The data is collected and reported by the Central Bank of Solomon Islands.
Historical Context
This trend is relevant for understanding the state of financial sector development and informing policies aimed at improving access to credit and other financial services.
Key Facts
- The Solomon Islands is a developing economy in the South Pacific.
- Non-bank deposit takers play a significant role in providing financial services.
- Improving access to credit is a key policy priority for economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans and advances extended by non-bank deposit-taking institutions in the Solomon Islands, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and breadth of financial inclusion in the Solomon Islands, which is an important indicator of financial sector development and economic growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Solomon Islands.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to inform policies aimed at improving access to credit and other financial services, which is a key priority for supporting economic development in the Solomon Islands.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection practices of the Central Bank of Solomon Islands, which may result in occasional update delays or gaps.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Solomon Islands (SLBFCSODDXDC), retrieved from FRED.