Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Belize
BLZFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
690,000,000.00
Year-over-Year Change
71.22%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the outstanding loans held by credit unions and financial cooperatives in Belize. It provides insight into the financial services and lending activity within Belize's cooperative 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 Credit Unions and Financial Cooperatives for Belize metric tracks the total value of loans and lending by these cooperative financial institutions. This data point is used by economists and policymakers to analyze the depth and growth of Belize's community-based financial system.
Methodology
The data is collected directly from credit unions and cooperatives in Belize and aggregated by the Central Bank of Belize.
Historical Context
This trend offers visibility into a key segment of Belize's financial markets and can inform policy decisions related to financial inclusion and cooperative banking.
Key Facts
- Belize has over 20 registered credit unions and cooperatives.
- Outstanding loans at these institutions totaled over $300 million in 2021.
- Credit unions serve over 25% of Belize's adult population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by credit unions and financial cooperatives in Belize.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the activity and growth of Belize's community-based financial system, which is an important part of the country's overall financial services landscape.
Q: How is this data collected or calculated?
A: The data is collected directly from credit unions and cooperatives in Belize and aggregated by the Central Bank of Belize.
Q: How is this trend used in economic policy?
A: This trend can inform policymakers' decisions related to financial inclusion, cooperative banking, and the overall development of Belize's financial services sector.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting from individual institutions, but the Central Bank of Belize aims to publish this metric on a regular basis.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Belize (BLZFCSODUXDC), retrieved from FRED.