Annual
BPFAOI02AUA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-41,850,000,000.00
Year-over-Year Change
-3117.30%
Date Range
1/1/1989 - 1/1/2013
Summary
The Annual Percentage Rate (APR) for Credit Card Accounts Owned by Consumer Finance Companies measures the average interest rate charged on consumer credit card accounts owned by finance companies.
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
This economic trend provides insight into the cost of consumer credit and financing conditions in the credit card market. It is a key indicator used by economists, policymakers, and lenders to assess the affordability and accessibility of consumer credit.
Methodology
The data is collected through a monthly survey of consumer finance companies by the Federal Reserve.
Historical Context
The APR trend helps inform monetary policy decisions and analysis of consumer spending and credit market dynamics.
Key Facts
- The annual average APR has ranged from 13.5% to 16.3% over the past decade.
- Credit card interest rates are a key determinant of household borrowing and spending behavior.
- The APR trend is monitored closely by the Federal Reserve in setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Annual Percentage Rate (APR) for Credit Card Accounts Owned by Consumer Finance Companies measures the average interest rate charged on consumer credit card accounts owned by finance companies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the cost of consumer credit and financing conditions in the credit card market, which is a key indicator used by economists, policymakers, and lenders to assess the affordability and accessibility of consumer credit.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of consumer finance companies by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The APR trend helps inform monetary policy decisions and analysis of consumer spending and credit market dynamics.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual Percentage Rate (APR) for Credit Card Accounts Owned by Consumer Finance Companies (BPFAOI02AUA636N), retrieved from FRED.