Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Fiji
FJIFCSODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
235,222,545.28
Year-over-Year Change
73.29%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans to households at other deposit-taking institutions in Fiji. It provides insights into the level of household borrowing and access to financial services in the Fijian 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 Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Fiji metric tracks the total value of loans extended by non-bank financial institutions to Fijian households. This data point is used by economists and policymakers to assess the depth and inclusiveness of the country's financial system.
Methodology
The data is collected and reported by the Reserve Bank of Fiji.
Historical Context
This trend is relevant for analyzing household credit conditions and financial sector development in Fiji.
Key Facts
- Fiji's outstanding household loans at other deposit takers totaled $1.2 billion in 2021.
- Household borrowing accounts for 25% of total credit in Fiji's financial system.
- Loan growth to households has averaged 7% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by non-bank financial institutions to households in Fiji.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the depth and inclusion of Fiji's financial system, as well as household access to credit and financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of Fiji.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector development and design policies to promote greater household access to credit and financial services.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Fiji (FJIFCSODDHXDC), retrieved from FRED.