Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Qatar
QATFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.50
Year-over-Year Change
63.83%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the outstanding loans from commercial banks to households in Qatar as a percentage of GDP. It provides insights into the level of household borrowing and financial services utilization in the Qatari 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 Qatar' series tracks the value of outstanding loans from commercial banks to households in Qatar, expressed as a percentage of the country's gross domestic product (GDP). This metric offers a window into the depth and breadth of household-level financial intermediation within the Qatari financial system.
Methodology
The data is collected and calculated by the Central Bank of Qatar based on reports from commercial banks operating in the country.
Historical Context
Policymakers and economists analyze this trend to monitor the development of the Qatari financial sector and household financial inclusion.
Key Facts
- Qatar's household loans from commercial banks were 16.8% of GDP in 2021.
- Household borrowing in Qatar has grown steadily over the past decade.
- The financial services sector is a key part of Qatar's economic diversification strategy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in Qatar as a percentage of the country's GDP. It provides insights into the level of household borrowing and financial services utilization in Qatar.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and analysts to monitor the development of Qatar's financial sector and gauge the depth of household-level financial intermediation in the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Qatar based on reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to monitor the growth of the Qatari financial sector and assess the level of household financial inclusion, which is a key part of the country's economic diversification strategy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Qatar, but there may be some delays in reporting and potential limitations in coverage or reporting practices.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Qatar (QATFCSODCHGGDPPT), retrieved from FRED.