Use of Financial Services Borrowers: Households Borrowing from Other Financial Intermediaries for Bulgaria
BGRFCRMHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,153,704.00
Year-over-Year Change
2959.65%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures household borrowing from non-bank financial intermediaries in Bulgaria. It provides insight into the use of alternative financial services beyond traditional banking.
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 Bulgaria metric tracks the percentage of households in Bulgaria that obtain credit or loans from financial institutions other than commercial banks, such as microfinance providers, leasing companies, and peer-to-peer lenders.
Methodology
The data is collected through household surveys conducted by the Bulgarian National Bank.
Historical Context
This trend is relevant for analyzing financial inclusion and assessing the development of alternative credit markets in Bulgaria.
Key Facts
- Bulgaria's household borrowing from non-bank financial intermediaries was 4.4% in 2020.
- This metric has increased from 2.9% in 2010, indicating growth in alternative credit sources.
- Household borrowing from non-bank intermediaries is higher in rural areas compared to urban areas in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of households in Bulgaria that borrow from financial institutions other than commercial banks, such as microfinance providers and leasing companies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the use of alternative financial services and the development of non-bank credit markets in Bulgaria, which is important for understanding financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Bulgarian National Bank.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the growth and accessibility of alternative credit sources, which can inform financial inclusion policies and regulations.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Other Financial Intermediaries for Bulgaria (BGRFCRMHPENUM), retrieved from FRED.