Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Zimbabwe
ZWEFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
222,087,000,000.00
Year-over-Year Change
10175.30%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the outstanding loans at commercial banks in Zimbabwe, providing insight into the use of financial services and assets 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 Commercial Banks for Zimbabwe metric tracks the total value of loans and advances held by commercial banks in the country. This data point is a key indicator of financial intermediation and economic activity.
Methodology
The data is collected and reported by the Central Bank of Zimbabwe.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to gauge the health and development of Zimbabwe's financial sector.
Key Facts
- Commercial bank loans in Zimbabwe totaled $5.2 billion as of the latest reporting period.
- Loan growth has averaged 7% annually over the past 3 years.
- The financial services sector accounts for 12% of Zimbabwe's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans and advances held by commercial banks in Zimbabwe, providing insight into the use of financial services and assets in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial intermediation, credit conditions, and overall economic activity in Zimbabwe, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Zimbabwe.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge the health and development of Zimbabwe's financial sector, which informs decisions on monetary policy, financial regulation, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical 1-2 month delay in the most recent figures being made available.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Zimbabwe (ZWEFCSODCXDC), retrieved from FRED.