Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Dominican Republic
DOMFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,624,249,891,485.00
Year-over-Year Change
299.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in the Dominican Republic, 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 outstanding loans at commercial banks metric represents the total value of loans extended by commercial banks to individuals and businesses in the Dominican Republic. This data point is used by economists and policymakers to analyze the level of financial intermediation and credit access within the Dominican economy.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This trend is relevant for assessing the depth and development of the Dominican financial sector and its ability to support economic growth.
Key Facts
- The Dominican Republic has a population of over 10 million people.
- The country's GDP was approximately $85 billion in 2021.
- The banking sector in the Dominican Republic is largely privatized.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by commercial banks to individuals and businesses in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial intermediation and credit access within the Dominican economy, which is crucial for supporting economic growth and development.
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: Policymakers and economists use this trend to assess the depth and development of the Dominican financial sector and its ability to support economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of the Dominican Republic, but there may be occasional delays or revisions due to the nature of data collection and reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Dominican Republic (DOMFCSODCXDC), retrieved from FRED.