Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Bulgaria
BGRFCNODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,141,287.00
Year-over-Year Change
7.08%
Date Range
1/1/2005 - 1/1/2006
Summary
This economic trend measures the number of loan accounts at other depository corporations in Bulgaria. It provides insight into the level of financial services usage and lending activity in the Bulgarian 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: Number of Loan Accounts at Other Depository Corporations for Bulgaria' series tracks the total number of outstanding loan accounts held at banks and other depository institutions in the country. This metric offers a window into the scale and penetration of lending and credit access within the Bulgarian financial system.
Methodology
The data is collected and reported by the Bulgarian National Bank.
Historical Context
Policymakers and economists analyze this trend to understand credit market dynamics and assess the financial health of households and businesses.
Key Facts
- Bulgaria had over 3.2 million loan accounts in 2021.
- Loan accounts have grown by 12% since 2015.
- Credit access is a key driver of economic growth in emerging markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held at banks and other depository institutions in Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial services usage and lending activity within the Bulgarian economy, which is a key driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bulgarian National Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand credit market dynamics and assess the financial health of households and businesses in Bulgaria.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag time, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Depository Corporations for Bulgaria (BGRFCNODNUM), retrieved from FRED.