Indicator Details 87

Baseline date: Credit by domestic banks and credit unions rose by 3.1% ($78.2mn) in 2016, relative to 3.6% ($87.8mn) in 2015.
Target 2020: Growth at least in line with nominal GDP growth
Target 2030: Growth at least in line with nominal GDP growth.
MDA Responsible Source Data: Central Bank of Belize (CBB)
Classification: Efficient markets including labour and financial markets
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Disaggregated Data
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Description: Growth in credit volumes

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DATA IDENTIFICATION

Name

Growth in Credit Volumes

Indicator purpose

This indicator measures the percentage change in loans disbursed by domestic banks and credit unions.

Abstract

Loans to domestic banks and credit unions is a summation of loans to the following economic sectors: government services, utilities, agriculture, marine products, forestry, manufacturing, tourism, building & construction, real estate, financial institutions, distribution, professional services, transport, entertainment, mining & exploration and personal loans.

Data source

Central Bank of Belize (CBB)

DATA CHARACTERISTICS

Contact organization person

Central Bank of Belize (CBB)

Date last updated

23-MAR-2020

Periodicity

Annual

Unit of measure

Percentage (%)

Other characteristics

DATA CONCEPTS and CLASSIFICATIONS

Classification used

A domestic bank is a financial institution that performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit.

A credit union is a non-profit-making money cooperative whose members can borrow from pooled deposits at low-interest rates.

Disaggregation

Loans disbursements to domestic banks and credit unions can be disaggregated by economic sector. Loans disbursements to domestic banks can further disaggregated by residency (residents and non-residents)

Key statistical concepts

Formula

OTHER ASPECTS

Recommended uses

To assess the level of loans disbursed by domestic banks and credit unions.

Limitations

A limitation exists within the submission of data from the domestic banks and credit unions.

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