Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Sri Lanka
LKAFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,054,135,587,000.00
Year-over-Year Change
331.67%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Sri Lanka' series measures the total value of outstanding loans extended by commercial banks to entities in Sri Lanka. This provides insight into the level of financial intermediation and credit availability 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
This economic indicator tracks the total volume of outstanding loans on the balance sheets of commercial banks operating in Sri Lanka. It offers a view into the overall lending activity and credit conditions in the country's financial system.
Methodology
The data is collected and aggregated by the Central Bank of Sri Lanka from reports submitted by domestic commercial banks.
Historical Context
Policymakers and analysts use this metric to assess the degree of financial deepening and credit penetration within the Sri Lankan economy.
Key Facts
- Outstanding loans reached LKR 7.5 trillion in 2021.
- Loan growth has averaged 11% annually over the past decade.
- Commercial banks account for over 60% of financial sector assets in Sri Lanka.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans extended by commercial banks operating in Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the level of financial intermediation and credit availability in the Sri Lankan economy, which is crucial for assessing economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the Central Bank of Sri Lanka from reports submitted by domestic commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the degree of financial deepening and credit penetration within the Sri Lankan economy, which informs decisions on monetary and financial sector policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture the most recent changes in lending activity.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Sri Lanka (LKAFCSODCXDC), retrieved from FRED.