Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for St. Vincent and the Grenadines
SVGFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.69
Year-over-Year Change
-6.22%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks to households in St. Vincent and the Grenadines as a percentage of GDP. It provides insights into the level of financial inclusion and access to credit for households 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 from commercial banks to households indicator reflects the volume of credit extended by the banking sector to private households. It is an important metric for assessing the development and depth of the financial system and the degree of financial inclusion within the economy.
Methodology
The data is collected and reported by the Central Bank of St. Vincent and the Grenadines.
Historical Context
This trend is closely monitored by policymakers and analysts to evaluate the effectiveness of financial inclusion policies and the overall health of the banking sector.
Key Facts
- St. Vincent and the Grenadines is a small island nation in the Caribbean.
- The outstanding loans from commercial banks to households stood at 42.3% of GDP in 2020.
- Financial inclusion is a key development priority for the government of St. Vincent and the Grenadines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in St. Vincent and the Grenadines as a percentage of the country's GDP. It provides insights into the level of financial inclusion and access to credit for private households.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the development and depth of the financial system, as well as the degree of financial inclusion within the economy. It is closely monitored by policymakers to evaluate the effectiveness of financial inclusion policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of St. Vincent and the Grenadines.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate the overall health of the banking sector and the effectiveness of financial inclusion policies in St. Vincent and the Grenadines.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the Central Bank of St. Vincent and the Grenadines.
Related Trends
Number of Identified Exporters to Saint Vincent and the Grenadines from Pennsylvania
PAVCTA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for St. Vincent and the Grenadines
SVGFCLODCXDC
Bank Deposits to GDP for Saint Vincent and the Grenadines
DDOI02VCA156NWDB
Population ages 65 and above for Saint Vincent and the Grenadines
SPPOP65UPTOZSVCT
Number of Identified Exporters to Saint Vincent and the Grenadines from New Jersey
NJVCTA475SCEN
Number of Identified Exporters to Saint Vincent and the Grenadines from Hawaii
HIVCTA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for St. Vincent and the Grenadines (SVGFCSODCHGGDPPT), retrieved from FRED.