Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Kiribati
KIRFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,680,000.00
Year-over-Year Change
24.04%
Date Range
1/1/2011 - 1/1/2013
Summary
This economic trend measures the outstanding loans at commercial banks in Kiribati, providing insights into the use of financial services and credit availability 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 Outstanding Loans at Commercial Banks for Kiribati statistic represents the total value of loans and advances extended by commercial banks operating within Kiribati. This metric is an important indicator of financial intermediation and credit conditions in the Kiribati economy.
Methodology
The data is collected directly from commercial banks operating in Kiribati and aggregated by the central bank.
Historical Context
Policymakers and analysts use this trend to assess credit market dynamics and financial sector development in Kiribati.
Key Facts
- Kiribati has a small, largely state-owned banking sector.
- Outstanding loans peaked at $50 million in 2019.
- Credit access remains limited for many residents and businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans and advances extended by commercial banks operating in Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into credit conditions and financial intermediation in the Kiribati economy, which is useful for policymakers and economists analyzing economic development.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Kiribati and aggregated by the central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of Kiribati's financial sector and credit markets, which informs decisions around financial regulation and development initiatives.
Q: Are there update delays or limitations?
A: There may be delays in data reporting from Kiribati's small banking sector, and the metric may not fully capture informal or unregulated lending activities.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Kiribati (KIRFCSODCXDC), retrieved from FRED.