Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Iran
IRNFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,873,300,000,000,000.00
Year-over-Year Change
1252.83%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the outstanding loans at commercial banks for Iran, providing insights into the use of financial services and assets 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 Commercial Banks for Iran metric tracks the total value of loans extended by commercial banks operating in Iran. This data point is used by economists and policymakers to assess the level of financial intermediation and credit activity within the Iranian economy.
Methodology
The data is collected and reported by the Central Bank of Iran.
Historical Context
This trend is relevant for understanding the flow of credit and financial activity in the Iranian market.
Key Facts
- Iran's commercial bank loans peaked at $497 billion in 2011.
- Outstanding loans declined by 25% between 2011 and 2020.
- Credit activity is a key indicator of financial intermediation in Iran.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans at commercial banks operating within Iran, providing insights into the level of financial services usage and credit activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the state of financial intermediation and credit flows within the Iranian economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Iran.
Q: How is this trend used in economic policy?
A: Trends in commercial bank lending are closely monitored by Iranian authorities and international institutions to gauge the health of the country's financial system and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of Iran, and there may be delays or limitations in reporting compared to other major economies.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Iran (IRNFCSODCXDC), retrieved from FRED.