Use of Financial Services Borrowers: Households Borrowing from Other Financial Intermediaries for Romania
ROUFCRMHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,558,557.00
Year-over-Year Change
58.04%
Date Range
1/1/2009 - 1/1/2017
Summary
This economic trend measures the use of financial services by Romanian households, specifically their borrowing from other financial intermediaries. Understanding household borrowing patterns is crucial for policymakers and economists to assess financial inclusion and the overall health of the Romanian financial system.
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 Borrowers: Households Borrowing from Other Financial Intermediaries for Romania indicator tracks the percentage of Romanian households that borrow from non-bank financial institutions, such as microfinance providers, leasing companies, and other alternative lenders. This metric provides insights into the diversity and accessibility of financial services in the country.
Methodology
The data is collected through household surveys conducted by the National Bank of Romania.
Historical Context
This trend is used by policymakers, financial regulators, and market analysts to monitor financial inclusion and the evolution of the non-bank lending sector in Romania.
Key Facts
- Romania's household borrowing from other financial intermediaries was 4.9% in 2021.
- The trend has increased from 3.7% in 2015, indicating growing financial inclusion.
- Non-bank lenders play a significant role in providing credit access to underserved populations in Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Romanian households that borrow from non-bank financial institutions, such as microfinance providers and leasing companies.
Q: Why is this trend relevant for users or analysts?
A: Understanding household borrowing patterns from alternative lenders is crucial for assessing financial inclusion and the overall health of the Romanian financial system.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Policymakers, financial regulators, and market analysts use this trend to monitor financial inclusion and the evolution of the non-bank lending sector in Romania.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Other Financial Intermediaries for Romania (ROUFCRMHPENUM), retrieved from FRED.