Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Albania
ALBFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
809,661,649,550.50
Year-over-Year Change
50.53%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in Albania, providing insights into the utilization of financial services and the broader financial conditions 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 Albania metric tracks the total value of loans issued by commercial banks in Albania. This data point is a key indicator of the level of economic activity and the overall health of the financial sector in the country.
Methodology
The data is collected and reported by the Central Bank of Albania.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the availability of credit and the financial stability of the Albanian economy.
Key Facts
- Albania's commercial bank loans outstanding totaled $11.7 billion as of the latest data.
- Loan growth has averaged 3.5% annually over the past 5 years.
- The ratio of loans to GDP in Albania is approximately 40%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans at commercial banks in Albania, providing insights into the level of financial intermediation and credit availability in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and stability of the Albanian financial sector, and is closely monitored by policymakers, economists, and investors to assess the broader economic conditions in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Albania.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this data to evaluate the availability of credit, gauge financial stability, and inform monetary and regulatory policies aimed at promoting economic growth and financial sector development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Albania (ALBFCSODCXDC), retrieved from FRED.