Use of Financial Services Borrowers: Households Borrowing from Other Deposit Takers for Dominican Republic
DOMFCRODDHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
365,145.00
Year-over-Year Change
40.98%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the use of financial services by household borrowers in the Dominican Republic who borrow from other deposit-taking institutions, providing insights into the country's financial landscape.
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 Borrowers: Households Borrowing from Other Deposit Takers for Dominican Republic' trend tracks the borrowing activity of Dominican households from non-bank financial institutions, offering valuable data for policymakers and analysts to understand the financing behaviors and access to credit in the Dominican economy.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This trend is useful for analyzing financial inclusion, credit market developments, and the performance of the broader Dominican financial system.
Key Facts
- The Dominican Republic is an upper-middle-income country in the Caribbean.
- Household borrowing from non-bank financial institutions is an important indicator of financial access.
- Trends in this data can inform policies to promote financial inclusion and sustainable credit growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the borrowing activity of households in the Dominican Republic from non-bank financial institutions, providing insights into financial access and inclusion.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the functioning of the Dominican financial system and informing policies to promote sustainable household credit growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Dominican Republic.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to monitor financial sector development and inform policies to improve access to credit and financial services for Dominican households.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential revisions by the Central Bank of the Dominican Republic.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Other Deposit Takers for Dominican Republic (DOMFCRODDHPENUM), retrieved from FRED.