Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Ecuador
ECUFCSODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,038,000,000.00
Year-over-Year Change
276.38%
Date Range
1/1/2004 - 1/1/2012
Summary
This trend measures the outstanding loans made by other depository corporations, such as banks, in Ecuador. It provides insight into the level of financial intermediation and credit activity in the Ecuadorian 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 Outstanding Loans at Other Depository Corporations for Ecuador trend tracks the total value of outstanding loans made by financial institutions other than the central bank. This metric is used by economists and policymakers to gauge the level of financial deepening and credit availability in the Ecuadorian economy.
Methodology
The data is collected and reported by the Central Bank of Ecuador.
Historical Context
Policymakers and analysts monitor this trend to assess the effectiveness of monetary and financial policies in supporting economic growth and development.
Key Facts
- Ecuador is a dollarized economy, using the U.S. dollar as its official currency.
- Other depository corporations include banks, credit unions, and savings and loan associations.
- Loan growth is a key indicator of economic activity and credit availability in Ecuador.
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 Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and credit activity in the Ecuadorian economy, which is important for assessing economic growth and the effectiveness of financial policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Ecuador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the effectiveness of monetary and financial policies in supporting economic growth and development in Ecuador.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and any data collection limitations of the Central Bank of Ecuador.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Ecuador (ECUFCSODXDC), retrieved from FRED.