Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Romania
ROUFCLODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,337,000,000.00
Year-over-Year Change
145.88%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at credit unions and financial cooperatives in Romania. It provides insight into the use of financial services and the level of savings and investment within the Romanian 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 outstanding deposits at credit unions and financial cooperatives represent a key indicator of financial intermediation and the overall health of the Romanian financial system. This metric is closely monitored by policymakers and analysts to assess the stability and growth of the country's credit union and cooperative sector.
Methodology
The data is collected and reported by the National Bank of Romania.
Historical Context
This trend is used by economists and policymakers to evaluate the depth and accessibility of financial services in Romania.
Key Facts
- Romania had over 600 credit unions and financial cooperatives as of 2021.
- Outstanding deposits at these institutions totaled over 10 billion lei in 2020.
- The sector has experienced steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at credit unions and financial cooperatives in Romania. It provides insight into the use of financial services and the level of savings and investment within the Romanian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and analysts to assess the stability and growth of Romania's credit union and cooperative sector, which is an important part of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate the depth and accessibility of financial services in Romania.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the National Bank of Romania, but there may be occasional delays or revisions to the reported figures.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Romania (ROUFCLODUXDC), retrieved from FRED.