Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Lao People's Democratic Republic
LAOFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-99.73%
Date Range
1/1/2008 - 1/1/2022
Summary
This economic trend measures the outstanding loans from commercial banks in Lao PDR as a percentage of GDP. It provides insights into the depth and usage of the country's financial services sector.
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: Key Indicators, Outstanding Loans from Commercial Banks for Lao People's Democratic Republic' series tracks the value of outstanding loans from commercial banks in Lao PDR relative to the country's gross domestic product. This metric reflects the level of financial intermediation and access to credit within the Lao economy.
Methodology
The data is collected and calculated by the World Bank based on information provided by the central bank of Lao PDR.
Historical Context
This indicator is used by policymakers, economists, and financial analysts to assess the development and penetration of the banking and credit system in Lao PDR.
Key Facts
- Lao PDR's outstanding commercial bank loans were 16.4% of GDP in 2020.
- This indicator has grown from 12.5% of GDP in 2010 to 16.4% in 2020.
- Increasing financial inclusion is a key development goal for the Lao government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of outstanding loans from commercial banks in Lao PDR as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and development of Lao PDR's financial services sector, which is an important factor in economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by the central bank of Lao PDR.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this indicator to assess the penetration of the banking and credit system in Lao PDR and inform policies aimed at promoting financial sector development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Lao People's Democratic Republic (LAOFCSODCGGDPPT), retrieved from FRED.