Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Maldives
MDVFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.25
Year-over-Year Change
-17.04%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in Maldives as a percentage of its gross domestic product (GDP). It provides insight into the level of financial intermediation and the health of the banking sector in the country.
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: Key Indicators, Outstanding Loans from Commercial Banks for Maldives trend represents the total value of loans outstanding from commercial banks in Maldives, expressed as a percentage of the country's GDP. This metric is widely used by economists and policymakers to assess the depth and development of the financial system and its role in supporting economic growth.
Methodology
The data is collected by the Central Bank of Maldives and reported to the International Monetary Fund (IMF).
Historical Context
This indicator is closely monitored by Maldivian authorities and international organizations to evaluate the effectiveness of financial sector policies and their impact on the broader economy.
Key Facts
- Maldives had an outstanding commercial bank loan-to-GDP ratio of 59.4% in 2020.
- The ratio has increased from 44.7% in 2010, indicating growing financial depth.
- Maldives has a relatively small but rapidly developing financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks in Maldives as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of financial intermediation and the health of the banking sector in Maldives, which is crucial for understanding the country's economic development and the effectiveness of financial sector policies.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Maldives and reported to the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Maldivian authorities and international organizations closely monitor this indicator to evaluate the effectiveness of financial sector policies and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and there may be occasional revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Maldives (MDVFCSODCGGDPPT), retrieved from FRED.