Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Sri Lanka
LKAFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
960,055,786,000.00
Year-over-Year Change
252.89%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at other deposit-taking institutions in Sri Lanka, providing insights into the country's financial services and lending activity.
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, Assets: Outstanding Loans at Other Deposit Takers for Sri Lanka' metric tracks the total value of loans held by non-bank deposit-taking entities in the Sri Lankan financial system. This data point is useful for analyzing credit conditions, financial intermediation, and the overall health of the nation's financial services industry.
Methodology
The data is collected and reported by the Central Bank of Sri Lanka.
Historical Context
This trend is closely monitored by policymakers, central bankers, and market analysts to assess credit availability and financial stability in Sri Lanka.
Key Facts
- Sri Lanka has a large, diversified financial services sector.
- Outstanding loans at non-bank deposit takers totaled over $25 billion in 2022.
- Lending by non-bank institutions accounts for nearly 30% of total credit in Sri Lanka.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of outstanding loans held by deposit-taking institutions other than commercial banks in Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into credit conditions, financial intermediation, and the overall health of Sri Lanka's non-bank financial services industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Sri Lanka.
Q: How is this trend used in economic policy?
A: Policymakers, central bankers, and market analysts closely monitor this trend to assess credit availability and financial stability in Sri Lanka.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a month of the reference period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Sri Lanka (LKAFCSODDXDC), retrieved from FRED.