Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Comoros
COMFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.49
Year-over-Year Change
792.93%
Date Range
1/1/2010 - 1/1/2023
Summary
This trend measures the outstanding loans from commercial banks to households in Comoros as a percentage of GDP. It provides insights into the level of financial inclusion 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 outstanding loans from commercial banks to households in Comoros is an important indicator of financial sector development and household access to credit. It reflects the degree to which the banking system is able to channel funds to support private consumption and investment.
Methodology
The data is collected and reported by the Central Bank of Comoros.
Historical Context
This metric is used by policymakers, researchers, and financial institutions to assess the depth and breadth of financial intermediation in the Comorian economy.
Key Facts
- Comoros' outstanding commercial bank loans to households were 7.7% of GDP in 2020.
- This metric has increased from 6.2% of GDP in 2015, indicating gradual financial deepening.
- Access to credit remains limited compared to other African economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Comoros as a percentage of the country's GDP. It reflects the level of financial inclusion and access to credit for Comorian households.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding the depth and breadth of financial intermediation in the Comorian economy. It provides insights into the ability of the banking system to channel funds to support private consumption and investment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Comoros.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, researchers, and financial institutions to assess the level of financial inclusion and access to credit in Comoros, which informs policies aimed at promoting financial sector development and supporting household consumption and investment.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reliability, as is common with economic statistics in developing countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Comoros (COMFCSODCHGGDPPT), retrieved from FRED.