Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Dominican Republic
DOMFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
313,909,196,298.53
Year-over-Year Change
227.31%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at other deposit takers in the Dominican Republic, providing insights into the level of financial services utilization 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 Other Deposit Takers for the Dominican Republic tracks the total value of loans extended by financial institutions other than commercial banks, such as credit unions and microfinance providers. This metric is an important indicator of financial inclusion and the health of the broader financial system.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
Policymakers and economists use this trend to evaluate financial sector development and access to credit in the Dominican Republic.
Key Facts
- The Dominican Republic has a population of over 10 million.
- Loans from non-bank financial institutions account for a significant portion of credit in the country.
- Access to financial services is a key development priority in the Dominican Republic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by financial institutions other than commercial banks, such as credit unions and microfinance providers, in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the overall health of the Dominican Republic's financial system, which is crucial for policymakers and economists.
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 evaluate financial sector development and access to credit in the Dominican Republic, which informs policy decisions aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection practices of the Central Bank of the Dominican Republic, which may result in occasional update delays or limitations.
Related Trends
Number of Identified Exporters to Dominican Republic from Minnesota
MNDOMA475SCEN
Value of Exports to Dominican Republic from Texas
TXDOMA052SCEN
Number of Identified Exporters to Dominican Republic from South Dakota
SDDOMA475SCEN
H-Statistic in Banking Market for Dominican Republic
DDOI03DOA066NWDB
Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Other Deposit Takers for Dominican Republic
DOMFCRODDSPENUM
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Dominican Republic
DOMFCLODDHXDC
Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Dominican Republic (DOMFCSODDXDC), retrieved from FRED.