Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Malawi
MWIFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
182.40%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the outstanding loans from commercial banks to households in Malawi as a percentage of the country's GDP. It provides insights into the use and accessibility of financial services by Malawian households.
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 Malawi series tracks the ratio of outstanding household loans from commercial banks to Malawi's gross domestic product. This metric is used to assess the depth and breadth of financial intermediation in the country.
Methodology
The data is collected and reported by the Central Bank of Malawi.
Historical Context
This indicator is relevant for understanding financial inclusion and development in Malawi's economy.
Key Facts
- Malawi's household loan to GDP ratio was 7.8% in 2020.
- Household loans accounted for 25% of total commercial bank lending in Malawi in 2019.
- Financial inclusion remains a challenge, with only 34% of adults having a formal bank account in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Malawi as a percentage of the country's GDP, providing insights into financial services usage by Malawian households.
Q: Why is this trend relevant for users or analysts?
A: This indicator is useful for assessing the depth and breadth of financial intermediation and inclusion in Malawi's economy, which is crucial for economic development and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Malawi.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and international institutions to evaluate financial sector development and inform policies aimed at improving access to financial services in Malawi.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in Malawi's financial landscape.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Malawi (MWIFCSODCHGGDPPT), retrieved from FRED.