Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Czech Republic
CZEFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.14
Year-over-Year Change
3.47%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks in the Czech Republic as a percentage of its gross domestic product (GDP). It provides insights into the level of financial intermediation and access to credit in the Czech economy.
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, as measured by outstanding loans from commercial banks, is a key indicator of financial development and economic activity. This metric reflects the extent to which businesses and households in the Czech Republic rely on the banking sector for financing their activities.
Methodology
The data is collected and calculated by the Czech National Bank.
Historical Context
This indicator is closely monitored by policymakers and economists to assess the financial health and credit conditions in the Czech economy.
Key Facts
- The indicator is measured as a percentage of GDP.
- It reached a peak of 54.3% in 2019.
- The data is updated quarterly by the Czech National Bank.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the outstanding loans from commercial banks in the Czech Republic as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and access to credit in the Czech economy, which is important for assessing financial development and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech National Bank.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers and economists to assess the financial health and credit conditions in the Czech economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Czech National Bank.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Czech Republic (CZEFCSODCGGDPPT), retrieved from FRED.