Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Kiribati
KIRFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.75
Year-over-Year Change
264.85%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic indicator tracks the outstanding loans from commercial banks to households in Kiribati as a percentage of the country's gross domestic product (GDP). It provides insights into the level of financial intermediation and household access to credit in the Kiribati 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, as measured by outstanding loans from commercial banks to households, is an important indicator of financial inclusion and economic development. This metric helps analysts and policymakers understand the degree to which households in Kiribati are able to access and utilize formal banking and credit services.
Methodology
The data is collected and reported by the Central Bank of Kiribati.
Historical Context
This indicator is used by economists, financial institutions, and policymakers to assess the financial health and development of the Kiribati economy.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- Outstanding loans from commercial banks to households were 7.8% of GDP in 2020.
- Financial inclusion remains a challenge in Kiribati due to geographic remoteness.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding loans from commercial banks to households in Kiribati as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and household access to credit in the Kiribati economy, which is an important indicator of financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Kiribati.
Q: How is this trend used in economic policy?
A: This indicator is used by economists, financial institutions, and policymakers to assess the financial health and development of the Kiribati economy.
Q: Are there update delays or limitations?
A: The data may be subject to delays or limitations due to the small size and geographic remoteness of the Kiribati economy.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Kiribati (KIRFCSODCHGGDPPT), retrieved from FRED.