Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Aruba
ABWFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.37
Year-over-Year Change
-6.79%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans from commercial banks in Aruba, providing insights into the use of financial services and overall economic activity.
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 Aruba series tracks the value of outstanding loans extended by commercial banks in Aruba. This metric serves as an indicator of the level of financial intermediation and credit provision within the Aruban economy.
Methodology
The data is collected and reported by the Central Bank of Aruba.
Historical Context
This trend is used by economists and policymakers to analyze the financial health and credit conditions in Aruba.
Key Facts
- Aruba's outstanding commercial bank loans were 53.4% of GDP in 2020.
- Loan values have increased by 25% over the past 5 years.
- Commercial bank lending is a key driver of economic growth in Aruba.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Aruba, providing insights into the level of financial intermediation and credit provision in the Aruban economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the financial health and credit conditions in Aruba, which are important indicators of economic activity and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Aruba.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the financial system and credit environment in Aruba, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is reported with a short delay, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Aruba (ABWFCSODCGGDPPT), retrieved from FRED.