Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Sri Lanka
LKAFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.39
Year-over-Year Change
17.04%
Date Range
1/1/2004 - 1/1/2023
Summary
This indicator tracks outstanding loans from commercial banks in Sri Lanka as a percentage of the country's gross domestic product (GDP). It provides insights into the usage and growth of financial services in the Sri Lankan 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 outstanding loans from commercial banks indicator represents the total value of loans and advances extended by commercial banks to individuals, businesses, and other institutions in Sri Lanka. This metric is used by economists and policymakers to assess the depth and development of the country's financial sector.
Methodology
The data is collected by Sri Lanka's Central Bank and calculated as a ratio of outstanding commercial bank loans to the country's GDP.
Historical Context
This indicator is relevant for understanding the role of the financial system in supporting economic growth and development in Sri Lanka.
Key Facts
- Sri Lanka's outstanding commercial bank loans were 36.7% of GDP in 2020.
- The indicator has grown from 25.6% of GDP in 2010 to 36.7% in 2020.
- Commercial bank lending is a key driver of private investment and consumption in Sri Lanka.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans and advances from commercial banks in Sri Lanka 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 depth and development of Sri Lanka's financial sector, which is important for understanding the role of the banking system in supporting economic growth and private sector activity.
Q: How is this data collected or calculated?
A: The data is collected by Sri Lanka's Central Bank and calculated as a ratio of outstanding commercial bank loans to the country's GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the availability of credit and the overall health of the financial system, which can inform decisions on monetary policy, financial regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the Central Bank of Sri Lanka.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Sri Lanka (LKAFCSODCGGDPPT), retrieved from FRED.