Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Dominican Republic
DOMFCSODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,045,153,507,100.00
Year-over-Year Change
358.43%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans at other depository corporations in the Dominican Republic, providing insights into the country's financial services and lending activities.
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 Depository Corporations for the Dominican Republic tracks the total value of loans made by financial institutions other than the central bank, such as commercial banks and credit unions. This metric helps economists and policymakers assess the level of credit and financial intermediation in the Dominican economy.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
This trend is used by analysts to monitor the health and growth of the Dominican financial sector and its ability to support economic development.
Key Facts
- The outstanding loans at other depository corporations in the Dominican Republic were $27.6 billion as of the latest data.
- Loan growth in the Dominican Republic has averaged 10% annually over the past 5 years.
- The financial services sector accounts for over 15% of the Dominican Republic's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by financial institutions other than the central bank in the Dominican Republic, such as commercial banks and credit unions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of credit and financial intermediation in 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: Analysts and policymakers use this trend to monitor the health and growth of the Dominican financial sector and its ability to support the country's economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to occasional revisions by the reporting agency.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Dominican Republic (DOMFCSODXDC), retrieved from FRED.