Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Madagascar
MDGFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.30
Year-over-Year Change
25.50%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks in Madagascar as a percentage of the country's gross domestic product (GDP). It provides insights into the level of financial services usage and access to credit in the Malagasy 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 to GDP ratio is a key indicator of financial intermediation and the depth of the banking sector in a given economy. It measures the level of lending activity and reflects the ability of the financial system to channel funds from savers to borrowers.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This indicator is used by policymakers and analysts to assess the financial development and inclusiveness of the Malagasy economy.
Key Facts
- Madagascar's commercial bank loans-to-GDP ratio was 18.4% in 2020.
- The ratio has increased from 15.1% in 2010, indicating gradual financial deepening.
- Access to financial services remains limited, with only 18% of adults having a bank account in 2017.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding loans from commercial banks in Madagascar as a percentage of the country's gross domestic product (GDP). It provides insights into the level of financial services usage and access to credit in the Malagasy economy.
Q: Why is this trend relevant for users or analysts?
A: The outstanding loans from commercial banks to GDP ratio is a key indicator of financial intermediation and the depth of the banking sector in Madagascar. It reflects the ability of the financial system to channel funds from savers to borrowers, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to assess the financial development and inclusiveness of the Malagasy economy, which informs policy decisions aimed at improving access to credit and financial services.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reliability, as is common with economic statistics in developing countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Madagascar (MDGFCSODCGGDPPT), retrieved from FRED.