Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Comoros
COMFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,221,886,588.07
Year-over-Year Change
119.79%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Comoros, providing insights into the use of financial services and assets in the country.
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 Commercial Banks for Comoros series represents the total value of loans and advances extended by commercial banks to individuals, businesses, and other entities within Comoros. This metric is a key indicator of financial intermediation and economic activity.
Methodology
The data is collected and reported by the Central Bank of Comoros.
Historical Context
Policymakers and analysts use this trend to assess the level of credit intermediation and financial deepening in the Comorian economy.
Key Facts
- Comoros is an island nation in the Indian Ocean.
- Commercial bank loans are a key source of financing for businesses and individuals in Comoros.
- The outstanding loans metric has shown gradual growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of loans and advances extended by commercial banks to individuals, businesses, and other entities within Comoros.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and credit activity in the Comorian economy, which is important for assessing economic performance and development.
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: Policymakers and analysts use this trend to evaluate the depth and functioning of the Comorian financial system, which informs decisions on financial sector development and economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the Central Bank of Comoros.
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COMFCRODCPENUM
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Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Comoros
COMFCBODCLNUM
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Comoros
COMFCSODCGGDPPT
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COMFCBODMFLNUM
Geographical Outreach: Number of Institutions, Other Depository Corporations for Comoros
COMFCIODNUM
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Comoros (COMFCSODCXDC), retrieved from FRED.