Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Barbados
BRBFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,311,767,281.34
Year-over-Year Change
-7.89%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the outstanding loans at commercial banks in Barbados, providing insights into the use of financial services and assets in the country's 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 outstanding loans at commercial banks in Barbados represent the total value of loans extended by the banking sector to individuals, businesses, and other entities. This metric is a key indicator of financial intermediation and the overall health of the Barbadian economy.
Methodology
The data is collected and reported by the Central Bank of Barbados.
Historical Context
Policymakers and analysts use this trend to assess credit conditions, financial stability, and economic performance in Barbados.
Key Facts
- Barbados is a small island nation in the Caribbean.
- The banking sector plays a crucial role in the Barbadian economy.
- Outstanding loans at commercial banks have been a focus of economic policy in Barbados.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans at commercial banks in Barbados, providing insights into the use of financial services and assets in the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding credit conditions, financial stability, and overall economic performance in Barbados, as the banking sector is a key driver of economic activity in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Barbados.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of the Barbadian economy and inform decisions related to financial regulation, monetary policy, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and data collection practices of the Central Bank of Barbados, which may result in occasional delays or limitations in coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Barbados (BRBFCSODCXDC), retrieved from FRED.