Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Brazil
BRAFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,943,187.00
Year-over-Year Change
133.37%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Brazil' metric tracks household borrowing from commercial banks in Brazil. This data point is crucial for understanding the financial health and lending patterns of Brazilian households.
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 indicator measures the total value of loans and credit extended by commercial banks to Brazilian households. It provides insight into the borrowing activities and financing needs of consumers, which is an important consideration for policymakers and financial institutions.
Methodology
The data is collected and reported by the Central Bank of Brazil.
Historical Context
This trend is closely monitored by economists, banks, and government agencies to assess the state of consumer credit and household financial stability in Brazil.
Key Facts
- Household borrowing from commercial banks in Brazil reached a high of $493 billion in 2021.
- The trend has shown steady growth over the past decade, reflecting increased access to consumer credit.
- Household debt levels remain a key indicator of financial stability and consumer spending power in Brazil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of loans and credit extended by commercial banks to Brazilian households.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the borrowing activities and financing needs of Brazilian consumers, which is crucial for understanding household financial health and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Brazil.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, banks, and economists to assess the state of consumer credit and household financial stability in Brazil.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Brazil, but there may be occasional delays or revisions in the reported figures.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Brazil (BRAFCRODCHPENUM), retrieved from FRED.