Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Zimbabwe
ZWEFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-98.51%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks to households in Zimbabwe as a percentage of the country's GDP. It provides insight into the financial services usage and household borrowing patterns in the Zimbabwean 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 to Households for Zimbabwe tracks the level of household borrowing from the domestic banking system relative to the overall size of the Zimbabwean economy. This metric offers valuable information about financial inclusion and the role of the banking sector in supporting household consumption and investment.
Methodology
The data is collected and calculated by the Reserve Bank of Zimbabwe and reported to the International Monetary Fund.
Historical Context
This indicator is used by policymakers, economists, and financial analysts to assess the development and penetration of the Zimbabwean financial system.
Key Facts
- Zimbabwe's household borrowing from commercial banks was 6.3% of GDP in 2021.
- This metric has declined from a high of 10.9% in 2013.
- Financial inclusion remains limited in Zimbabwe compared to regional peers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Zimbabwe as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial services usage and household borrowing patterns in the Zimbabwean economy, which is relevant for understanding financial inclusion and the role of the banking sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Reserve Bank of Zimbabwe and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and financial analysts to assess the development and penetration of the Zimbabwean financial system.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limited availability from the source.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Zimbabwe (ZWEFCSODCHGGDPPT), retrieved from FRED.