Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Bolivia
BOLFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,396,912,792.71
Year-over-Year Change
149.83%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at other deposit takers in Bolivia, providing insight into the country's financial services and asset utilization.
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 Other Deposit Takers for Bolivia tracks the total value of loans made by non-bank financial institutions in the country. This metric is used by economists and policymakers to assess the depth and breadth of Bolivia's financial system.
Methodology
The data is collected by the Central Bank of Bolivia.
Historical Context
This trend is relevant for understanding Bolivia's credit markets and the overall health of its financial sector.
Key Facts
- Bolivia's outstanding loans at other deposit takers reached a high of $17.6 billion in 2021.
- Lending by non-bank financial institutions has grown by over 50% in Bolivia since 2015.
- Increased access to credit from diverse sources is a key driver of economic development in Bolivia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by non-bank financial institutions, such as credit unions and microfinance providers, in Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and breadth of Bolivia's financial system, which is important for understanding credit availability, financial inclusion, and overall economic development in the country.
Q: How is this data collected or calculated?
A: The data is collected directly by the Central Bank of Bolivia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance and stability of Bolivia's non-bank financial sector, which can inform decisions about regulation, supervision, and initiatives to promote financial inclusion.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Bolivia, but there may be some time lag before the information is available internationally.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Bolivia (BOLFCSODDXDC), retrieved from FRED.