Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Mozambique
MOZFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.54
Year-over-Year Change
38.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks to households in Mozambique as a percentage of GDP. It provides insights into the level of financial inclusion and access to credit in the Mozambican 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 Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Mozambique series tracks the volume of household borrowing from commercial banks relative to the country's total economic output. This metric is used by economists and policymakers to assess financial sector development and household financial access.
Methodology
The data is collected and reported by the Central Bank of Mozambique.
Historical Context
This indicator is relevant for understanding the role of the financial sector in supporting household consumption and investment in Mozambique.
Key Facts
- Mozambique's commercial bank loans to households were 4.75% of GDP in 2021.
- This indicator has increased from 2.75% of GDP in 2010, signaling greater financial inclusion.
- Access to credit remains limited compared to regional peers in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Mozambique 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 inclusion and access to credit for households in the Mozambican economy, which is important for understanding financial sector development and household financial health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Mozambique.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess the role of the financial sector in supporting household consumption and investment in Mozambique.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture all household borrowing from informal sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Mozambique (MOZFCSODCHGGDPPT), retrieved from FRED.