Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Albania
ALBFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.72
Year-over-Year Change
-2.07%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks to households in Albania as a percentage of GDP. It provides insight into household borrowing and financial inclusion in the Albanian 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 'Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Albania' series tracks the value of loans made by commercial banks to Albanian households. This metric is used by economists and policymakers to gauge household access to credit and the development of the financial sector.
Methodology
The data is collected and calculated by the Central Bank of Albania.
Historical Context
This indicator informs analyses of financial market conditions and household financial health in Albania.
Key Facts
- The latest value is 9.4% as of 2021.
- This indicator has increased from 5.1% in 2010.
- Albania has a relatively low level of household borrowing compared to other emerging economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of outstanding loans from commercial banks to households in Albania as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into household access to credit and the development of Albania's financial sector, which are important factors for economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Albania.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial market conditions and household financial health in Albania, which informs decisions on monetary and financial regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, and may be subject to revisions by the Central Bank of Albania.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Albania (ALBFCSODCHGGDPPT), retrieved from FRED.