Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Gambia, The
GMBFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,000,000.00
Year-over-Year Change
-63.50%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans at other deposit takers in The Gambia. It provides insight into the financial services and credit access within the country's 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 at Other Deposit Takers for Gambia, The trend tracks the total value of loans extended by financial institutions other than commercial banks in The Gambia. This metric helps analysts and policymakers understand the broader financial landscape and credit conditions in the country.
Methodology
The data is collected and reported by the Central Bank of The Gambia.
Historical Context
This trend is used to assess financial inclusion and the health of the Gambian credit market.
Key Facts
- The Gambia is a small West African country with a population of over 2.4 million.
- Other deposit takers include microfinance institutions, savings and loan cooperatives, and non-bank financial companies.
- Loan access is a key indicator of financial inclusion and economic opportunity in developing countries.
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 in The Gambia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader financial landscape and credit conditions in The Gambia, beyond just commercial bank lending.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of The Gambia.
Q: How is this trend used in economic policy?
A: This trend is used to assess financial inclusion and the overall health of the credit market in The Gambia.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by the Central Bank of The Gambia.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Gambia, The (GMBFCSODDXDC), retrieved from FRED.