Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Hungary
CRDQHUBPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,525.52
Year-over-Year Change
22.74%
Date Range
10/1/1967 - 10/1/2024
Summary
This economic trend measures the volume of credit extended by domestic banks to the private non-financial sector in Hungary, adjusted for statistical breaks in the data series. It provides insights into the availability of bank financing for businesses and households 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 Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Hungary metric tracks the total amount of outstanding loans and other credit instruments issued by domestic banks to private companies and individuals, excluding the financial sector. This indicator is used by economists and policymakers to assess the health and lending activities of the Hungarian banking system.
Methodology
The data is collected and reported by the Bank for International Settlements (BIS) based on information provided by the Hungarian National Bank.
Historical Context
This trend is relevant for analyzing the flow of credit and the financing conditions for the private sector in Hungary, which can inform monetary and financial stability policies.
Key Facts
- Hungary's private sector credit-to-GDP ratio was 59.4% as of the latest data.
- Credit growth to the private non-financial sector in Hungary averaged 5.1% annually over the past decade.
- Domestic banks account for over 80% of total credit extended to the Hungarian private sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of credit extended by domestic banks to the private non-financial sector in Hungary, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the availability of bank financing for businesses and households in Hungary, which is important for assessing the health and lending activities of the Hungarian banking system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank for International Settlements (BIS) based on information provided by the Hungarian National Bank.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the flow of credit and the financing conditions for the private sector in Hungary, which can inform monetary and financial stability policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodological changes of the Bank for International Settlements and the Hungarian National Bank.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Hungary (CRDQHUBPABIS), retrieved from FRED.