Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Romania
ROUFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
394.60
Year-over-Year Change
9.35%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of household loan accounts per 1,000 adults with commercial banks in Romania. It provides insights into consumer financial access and household debt levels.
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: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Romania' metric tracks the penetration of commercial bank lending to Romanian households. This data point is used by economists and policymakers to assess financial inclusion and household debt dynamics.
Methodology
The data is collected and calculated by the National Bank of Romania based on reports from commercial banks.
Historical Context
This trend is relevant for understanding consumer credit markets and financial stability in the Romanian economy.
Key Facts
- Romania had 501 household loan accounts per 1,000 adults in 2020.
- Household loan account penetration has increased by 31% since 2010.
- Consumer lending makes up over 40% of total bank assets in Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household loan accounts per 1,000 adults with commercial banks in Romania. It provides insights into consumer financial access and household debt levels.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to assess financial inclusion and household debt dynamics in the Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Bank of Romania based on reports from commercial banks.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding consumer credit markets and financial stability in the Romanian economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the National Bank of Romania, with some potential for delays in reporting from commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Romania (ROUFCNODCHANUM), retrieved from FRED.