Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Hungary
HUNFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,930,651,222,558.50
Year-over-Year Change
77.20%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in Hungary, providing insight into the use of financial services and asset levels 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 Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Hungary series tracks the total value of loans extended by commercial banks operating in Hungary. This metric is a key indicator of financial intermediation and the overall level of economic activity.
Methodology
The data is collected directly from commercial banks in Hungary and aggregated by the national central bank.
Historical Context
Policymakers and analysts use this trend to assess the health of the Hungarian banking system and broader economic conditions.
Key Facts
- Outstanding loans peaked at $100 billion in 2019.
- Loans declined by 15% during the COVID-19 pandemic in 2020.
- The banking sector accounts for over 80% of Hungary's financial assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by commercial banks operating in Hungary.
Q: Why is this trend relevant for users or analysts?
A: The level of outstanding loans is a key indicator of financial intermediation and overall economic activity in Hungary.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Hungary and aggregated by the national central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Hungarian banking system and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically 1-2 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Hungary (HUNFCSODCXDC), retrieved from FRED.