Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Turkey
TURFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.91
Year-over-Year Change
-35.68%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator measures the value of outstanding loans from commercial banks to households in Turkey as a percentage of the country's gross domestic product (GDP). It provides insights into the level of household borrowing and the health of the Turkish 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 outstanding loans from commercial banks to households indicator represents the total value of loans provided by Turkish commercial banks to individual consumers. It is a useful metric for evaluating the level of household debt and the overall credit conditions in the Turkish economy.
Methodology
The data is collected by the Central Bank of the Republic of Turkey and reported as a percentage of GDP.
Historical Context
This indicator is closely monitored by policymakers, economists, and financial analysts to assess the financial stability and credit dynamics within the Turkish economy.
Key Facts
- Turkey's outstanding loans from commercial banks to households was 16.9% of GDP in 2021.
- Household debt in Turkey has increased over the past decade, raising concerns about financial stability.
- The COVID-19 pandemic impacted household borrowing, with a temporary decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the value of outstanding loans from commercial banks to households in Turkey as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of household borrowing and the health of the Turkish financial system, which is important for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Republic of Turkey and reported as a percentage of GDP.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to assess the financial stability and credit dynamics within the Turkish economy, which can inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported by the Central Bank of the Republic of Turkey, and there may be occasional delays or limitations in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Turkey (TURFCSODCHGGDPPT), retrieved from FRED.