Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Bulgaria
BGRFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.52
Year-over-Year Change
-30.67%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans from commercial banks in Bulgaria as a percentage of the country's GDP. It provides insight into the level of financial intermediation and access to credit 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: Key Indicators, Outstanding Loans from Commercial Banks for Bulgaria tracks the total value of outstanding loans from commercial banks in the country, expressed as a percentage of its gross domestic product (GDP). This metric is a proxy for the depth and development of the financial sector and its role in channeling funds to productive economic activities.
Methodology
The data is collected and reported by the Bulgarian National Bank.
Historical Context
Policymakers and analysts use this indicator to assess financial market development and the efficiency of credit allocation in the Bulgarian economy.
Key Facts
- The indicator reached a high of 73.1% of GDP in 2009.
- It has declined since the global financial crisis, reaching 48.7% in 2021.
- Tracking this metric helps monitor financial inclusion and banking sector health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Bulgaria as a percentage of the country's GDP, providing insights into the level of financial intermediation and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for assessing the development and efficiency of the financial sector in Bulgaria, as well as the availability of credit to support economic activities.
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 analysts use this indicator to monitor financial market development and the allocation of credit in the Bulgarian economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bulgarian National Bank, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Bulgaria (BGRFCSODCGGDPPT), retrieved from FRED.