Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Madagascar
MDGFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.37
Year-over-Year Change
118.52%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans from commercial banks to households in Madagascar as a percentage of GDP. It provides insights into the level of financial inclusion and household 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 households in Madagascar, expressed as a percentage of GDP, is an important indicator of financial services usage and household access to credit. It reflects the depth and reach of the formal banking system and can inform policymakers on financial inclusion efforts.
Methodology
The data is collected by the World Bank through surveys of national financial institutions.
Historical Context
This indicator is used by economists and policymakers to assess the development of the Malagasy financial sector and its role in supporting household consumption and investment.
Key Facts
- Madagascar's outstanding household loans from commercial banks were 4.6% of GDP in 2020.
- Financial inclusion remains low in Madagascar compared to other sub-Saharan African countries.
- Increasing household access to credit is a key policy goal for supporting economic development in Madagascar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Madagascar as a percentage of GDP, providing insights into the level of financial inclusion and household access to credit.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the development of the Malagasy financial sector and its role in supporting household consumption and investment, which are key factors for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of national financial institutions.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to evaluate financial inclusion efforts and the role of the formal banking system in supporting household access to credit in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be limited by the coverage and reporting quality of national financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Madagascar (MDGFCSODCHGGDPPT), retrieved from FRED.