Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Aruba
ABWFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,335,347,000.00
Year-over-Year Change
52.62%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in Aruba, providing insights into the use of financial services and the state of the country's banking sector.
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 Aruba tracks the total value of loans issued by commercial banks in Aruba. This metric is a key indicator of financial activity and the availability of credit in the Aruban economy.
Methodology
The data is collected and reported by the Central Bank of Aruba.
Historical Context
Policymakers and economists use this trend to monitor the health of Aruba's banking system and to assess the flow of credit to businesses and consumers.
Key Facts
- Aruba has a well-developed banking sector with several major commercial banks.
- Outstanding loans at Aruban commercial banks totaled over $4.5 billion as of the latest data.
- The banking industry is a key driver of Aruba's service-oriented economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans issued by commercial banks in Aruba. It provides insights into the level of financial intermediation and credit availability in the Aruban economy.
Q: Why is this trend relevant for users or analysts?
A: The outstanding loans metric is an important indicator of financial sector health and economic activity in Aruba. It helps policymakers and analysts assess credit conditions and monitor the banking system's performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Aruba, the country's monetary authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge the flow of credit to businesses and consumers, which can inform decisions on monetary policy, financial regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically around 1-2 months after the reference period. There may be occasional revisions to historical data.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Aruba (ABWFCSODCXDC), retrieved from FRED.