Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Namibia
NAMFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.84
Year-over-Year Change
-28.41%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks to households in Namibia as a percentage of GDP. It provides insights into the level of household indebtedness and financial services utilization 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 indicator, specifically the outstanding loans from commercial banks to households, is a key metric for understanding the depth of financial intermediation and credit access within the Namibian economy. It reveals the degree to which households rely on formal banking institutions for their financing needs.
Methodology
The data is collected and reported by the Central Bank of Namibia.
Historical Context
This indicator is closely monitored by policymakers and economists to assess the financial health of Namibian households and inform decisions on monetary and macroprudential policies.
Key Facts
- Namibia's household loan-to-GDP ratio was 34.1% in 2021.
- The indicator has increased from 27.8% in 2011, signaling growing household indebtedness.
- Namibia's ratio is higher than the sub-Saharan African average of 22.5%.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding loans from commercial banks to households in Namibia as a percentage of the country's GDP. It provides insights into the level of household indebtedness and financial services utilization.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and economists to assess the financial health of Namibian households and inform decisions on monetary and macroprudential policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Namibia.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this indicator to evaluate the depth of financial intermediation and credit access within the Namibian economy, which informs decisions on monetary and macroprudential policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Namibia, with minimal update delays.
Related Trends
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Namibia
DDOI12NAA156NWDB
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Namibia
NAMFCSODCXDC
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Namibia
NAMFCDODDSPENUM
Number of Bank Accounts for Namibia
DDAI01NAA642NWDB
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Namibia
BARTERICMP25UPZSNAM
Consumer Price Index for Namibia
DDOE02NAA086NWDB
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Namibia (NAMFCSODCHGGDPPT), retrieved from FRED.