Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Solomon Islands
SLBFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,000,000.00
Year-over-Year Change
83.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans at credit unions and financial cooperatives in the Solomon Islands. It provides insight into the utilization of financial services and access to credit 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, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Solomon Islands metric tracks the total value of outstanding loans issued by credit unions and financial cooperatives in the Solomon Islands. This data point is used to analyze financial inclusion and the role of these institutions in providing credit to individuals and businesses.
Methodology
The data is collected by the Central Bank of Solomon Islands through surveys of credit unions and financial cooperatives.
Historical Context
This trend is relevant for policymakers and economists studying financial development and access to credit in the Solomon Islands.
Key Facts
- Credit unions and financial cooperatives play a crucial role in providing access to financial services in the Solomon Islands.
- Outstanding loans at these institutions have grown steadily in recent years, reflecting increased financial inclusion.
- The data is used to monitor progress towards financial development goals in the Solomon Islands.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans issued by credit unions and financial cooperatives in the Solomon Islands.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into financial inclusion and access to credit in the Solomon Islands, which is important for policymakers and economists studying economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Solomon Islands through surveys of credit unions and financial cooperatives.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor progress towards financial development goals and assess the role of credit unions and cooperatives in providing access to credit.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules of credit unions and financial cooperatives, which may result in occasional delays in updates.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Solomon Islands (SLBFCSODUXDC), retrieved from FRED.