Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Luxembourg
QLUPBMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.23
Year-over-Year Change
-11.38%
Date Range
1/1/2003 - 10/1/2024
Summary
This economic trend measures credit extended to the private non-financial sector by banks in Luxembourg, adjusted for statistical breaks. It provides insights into the availability and use of credit in the domestic 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 Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Luxembourg trend tracks the volume of credit made available to non-financial private entities like businesses and households in Luxembourg. It serves as an indicator of financial intermediation and the overall health of the country's credit markets.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) based on information provided by the Central Bank of Luxembourg.
Historical Context
This metric is closely monitored by policymakers, regulators, and analysts to assess the state of Luxembourg's financial system and the availability of credit to support economic activity.
Key Facts
- Credit to the private non-financial sector in Luxembourg reached a high of 194.7% of GDP in 2020.
- The trend has shown steady growth over the past decade, reflecting the importance of credit in Luxembourg's economy.
- Luxembourg's credit-to-GDP ratio is among the highest in the European Union, underscoring the country's role as a major financial center.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to the private non-financial sector by banks in Luxembourg, adjusted for statistical breaks in the data.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the availability and use of credit in Luxembourg's domestic economy, which is a key indicator of financial intermediation and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) based on information provided by the Central Bank of Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and analysts closely monitor this metric to assess the state of Luxembourg's financial system and the availability of credit to support economic activity.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical values due to statistical adjustments.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Luxembourg (QLUPBMUSDA), retrieved from FRED.