Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Denmark
CRDQDKAHABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,521.59
Year-over-Year Change
-3.28%
Date Range
10/1/1994 - 10/1/2024
Summary
This economic trend measures the total credit to households and non-profit institutions serving households in Denmark, adjusted for statistical breaks. It provides insights into the overall credit conditions and financial health of the Danish household sector.
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 Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Denmark is a key indicator used by economists and policymakers to assess the availability of credit and the financial status of Danish households. It helps inform decisions related to monetary policy, financial stability, and consumer lending.
Methodology
The data is collected and compiled by the Danish central bank, Danmarks Nationalbank.
Historical Context
This trend is closely monitored by the Danish government, central bank, and financial institutions to gauge the state of the Danish economy and consumer credit market.
Key Facts
- Denmark has one of the highest household debt-to-GDP ratios in the world.
- Credit to Danish households has steadily increased over the past decade.
- The COVID-19 pandemic led to a temporary decline in household credit growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to Danish households and non-profit institutions serving households, adjusted for statistical breaks in the data.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial health and credit conditions of the Danish household sector, which is crucial for policymakers, lenders, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Danish central bank, Danmarks Nationalbank.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this trend to monitor credit conditions and financial stability, which informs decisions on monetary policy, consumer lending regulations, and macroprudential measures.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to account for statistical breaks or methodological changes.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Denmark (CRDQDKAHABIS), retrieved from FRED.