Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Belize
BLZFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,347,257,000.00
Year-over-Year Change
58.13%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans to households at commercial banks in Belize. It provides insight into the financial services and credit access for individual consumers in the Belize 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, Assets: Outstanding Loans to Households at Commercial Banks for Belize trend tracks the total value of loan balances held by Belizean households at domestic commercial banks. This metric serves as an indicator of consumer credit conditions and financial inclusion within the Belize banking system.
Methodology
The data is collected directly from Belize's commercial banking institutions by the country's central bank.
Historical Context
Policymakers and analysts use this trend to monitor household borrowing patterns and assess the overall health of Belize's consumer credit market.
Key Facts
- Belize has a largely bank-based financial system.
- Household borrowing from commercial banks is a key driver of consumer spending.
- Outstanding loans to households account for over 50% of total bank assets in Belize.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by commercial banks in Belize to individual households.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer credit conditions and financial inclusion within Belize's banking system, which is important for assessing the health of household finances and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected directly from Belize's commercial banking institutions by the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor household borrowing patterns and assess the overall health of Belize's consumer credit market, which informs decisions around monetary policy and financial regulation.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within one month of the reference period. There may be some limitations in coverage or consistency across Belize's diverse banking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Belize (BLZFCSODCHXDC), retrieved from FRED.