Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Bulgaria
BGRFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
509.00
Year-over-Year Change
27.36%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of household loan accounts per 1,000 adults with commercial banks in Bulgaria. It provides insight into financial inclusion and household borrowing patterns.
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, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Bulgaria represents access to formal credit and banking services by households. This metric is used by economists and policymakers to assess financial development and monitor household financial health.
Methodology
The data is collected by the World Bank through surveys of commercial banks and financial institutions in Bulgaria.
Historical Context
This indicator is relevant for understanding consumer credit markets and the penetration of formal banking services in the Bulgarian economy.
Key Facts
- Bulgaria had 496 household loan accounts per 1,000 adults in 2021.
- This metric has increased by 33% since 2011.
- Access to formal credit remains lower than the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household loan accounts per 1,000 adults with commercial banks in Bulgaria. It provides insights into financial inclusion and household borrowing patterns.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding consumer credit markets and the penetration of formal banking services in the Bulgarian economy. It is used by economists and policymakers to assess financial development and monitor household financial health.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of commercial banks and financial institutions in Bulgaria.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and institutions monitoring financial inclusion and consumer credit conditions in the Bulgarian market.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-year delay. There may be limitations in capturing informal financial activities not recorded by commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Bulgaria (BGRFCNODCHANUM), retrieved from FRED.