Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Malawi
MWIFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
253,508,391,926.83
Year-over-Year Change
3076.60%
Date Range
1/1/2004 - 1/1/2021
Summary
The 'Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Malawi' trend measures the total value of outstanding loans made by commercial banks to households in Malawi. This metric provides insight into household borrowing and financial access 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
This series represents the total amount of loans currently held by Malawian households at commercial banks. It serves as an indicator of household access to credit and the overall level of financial inclusion in the Malawian economy.
Methodology
The data is collected by the Central Bank of Malawi through surveys of commercial banks operating in the country.
Historical Context
Policymakers use this metric to monitor financial market development and identify areas for improving household access to credit.
Key Facts
- Malawi is a low-income country in southeastern Africa.
- Household access to formal financial services remains limited in Malawi.
- Commercial banks are a key source of credit for Malawian households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans made by commercial banks to households in Malawi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household financial access and credit usage in the Malawian economy, which is important for understanding financial inclusion and development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Malawi through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor financial market development and identify areas for improving household access to credit in Malawi.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage of the commercial banking sector in Malawi.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Malawi (MWIFCSODCHXDC), retrieved from FRED.