Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Ireland
QIEPAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.30
Year-over-Year Change
-16.92%
Date Range
4/1/1971 - 10/1/2024
Summary
This economic indicator measures the total credit available to the private non-financial sector in Ireland, adjusted for any structural breaks in the data. It is a key metric for assessing financial conditions and credit growth within the Irish 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 Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Ireland is a comprehensive measure of the total credit and loan financing extended to private businesses, households, and other non-financial entities in the country. It is used by economists and policymakers to gauge the overall level of financial intermediation and private sector borrowing activity.
Methodology
The data is collected and aggregated by the Irish Central Bank from various financial institutions.
Historical Context
This credit metric is closely monitored by the European Central Bank and other authorities to evaluate Ireland's financial stability and credit dynamics.
Key Facts
- Ireland's private sector credit stood at €414 billion as of 2022.
- Credit growth slowed to 2.5% year-over-year in 2021 after the COVID-19 pandemic.
- Private credit-to-GDP ratio in Ireland was 149% as of 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total amount of credit and loans extended to the private non-financial sector in Ireland, including businesses, households, and other private entities. It provides a comprehensive view of private sector borrowing activity.
Q: Why is this trend relevant for users or analysts?
A: The total private credit metric is a key indicator of financial conditions, credit availability, and economic activity in Ireland. It is closely monitored by policymakers, economists, and investors to assess the health of the Irish financial system and broader economy.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the Central Bank of Ireland from various financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: This credit metric is used by the European Central Bank and Irish authorities to evaluate financial stability, credit dynamics, and the effectiveness of monetary and macroprudential policies in Ireland.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately two months. There may be occasional revisions to historical data to account for any structural breaks or methodological changes.
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Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Ireland (QIEPAM770A), retrieved from FRED.