Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Comoros
COMFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.49
Year-over-Year Change
29.16%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in Comoros as a percentage of GDP. It provides insight into the level of financial intermediation and access to credit in the Comorian 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: Key Indicators series tracks various metrics related to financial sector development and inclusion. The outstanding loans from commercial banks to GDP ratio is a key indicator of the depth and breadth of the banking system and its ability to channel funds to the private sector.
Methodology
The data is collected by the International Monetary Fund from national sources.
Historical Context
This indicator is used by policymakers and analysts to assess the financial health and growth potential of the Comorian economy.
Key Facts
- Comoros' outstanding commercial bank loans were 15.6% of GDP in 2020.
- The ratio has increased from 12.1% in 2010, indicating gradual financial deepening.
- Access to financial services remains low compared to other African countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Comoros as a percentage of the country's GDP. It provides insight into the depth and breadth of the Comorian banking system and financial sector development.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the financial health and growth potential of the Comorian economy. It helps policymakers and analysts understand the level of financial intermediation and access to credit in the country.
Q: How is this data collected or calculated?
A: The data is collected by the International Monetary Fund from national sources in Comoros.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to evaluate the financial sector development and design policies to promote financial inclusion and economic growth in Comoros.
Q: Are there update delays or limitations?
A: The data may have update delays due to the availability of national sources in Comoros. Additionally, the indicator may not capture all financial services and could be influenced by factors like inflation and exchange rates.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Comoros (COMFCSODCGGDPPT), retrieved from FRED.