Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Djibouti
DJIFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.17
Year-over-Year Change
2.17%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in Djibouti as a percentage of its gross domestic product (GDP). It provides insights into the level of financial intermediation and access to credit in the Djiboutian 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, Outstanding Loans from Commercial Banks for Djibouti series tracks the value of outstanding loans from commercial banks in Djibouti, expressed as a percentage of the country's GDP. This metric serves as an indicator of the depth and breadth of the financial sector's involvement in the broader economy.
Methodology
The data is collected and calculated by the World Bank based on information provided by national authorities.
Historical Context
This trend is useful for policymakers and analysts to assess the level of financial inclusion and the efficiency of credit allocation in Djibouti's economy.
Key Facts
- Outstanding loans from commercial banks in Djibouti were 20.4% of GDP in 2020.
- The trend has shown a gradual increase over the past decade, indicating growing financial intermediation.
- Djibouti's level of commercial bank loans as a percentage of GDP is lower than the regional average for Sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Djibouti as a percentage of its gross domestic product (GDP). It provides insights into the level of financial intermediation and access to credit in the Djiboutian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and analysts to assess the depth and breadth of the financial sector's involvement in the Djiboutian economy, which is an important indicator of financial inclusion and the efficiency of credit allocation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by national authorities in Djibouti.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate the level of financial inclusion and the efficiency of credit allocation in Djibouti's economy, which can inform policy decisions related to financial sector development and access to finance.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent information being available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Djibouti (DJIFCSODCGGDPPT), retrieved from FRED.