Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Bosnia and Herzegovina
BIHFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
894,043.00
Year-over-Year Change
8.82%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Bosnia and Herzegovina. It provides insights into consumer credit dynamics and financial inclusion in the country.
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 Commercial Banks for Bosnia and Herzegovina' series tracks the percentage of households that have taken out loans or credit from commercial banks. This metric is used to assess financial access and the health of the consumer credit market.
Methodology
The data is collected through household surveys conducted by the Central Bank of Bosnia and Herzegovina.
Historical Context
Policymakers and financial analysts monitor this trend to gauge consumer confidence and the availability of credit in the Bosnian economy.
Key Facts
- Bosnia and Herzegovina is an emerging market economy in Southeastern Europe.
- Access to financial services is an important indicator of economic development.
- Consumer credit trends can signal shifts in household spending and confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of households in Bosnia and Herzegovina that have taken out loans or credit from commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the health of the consumer credit market, which are important indicators of economic development and household financial well-being.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Central Bank of Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts monitor this trend to gauge consumer confidence and the availability of credit in the Bosnian economy, which can inform decisions around monetary policy and financial regulation.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Central Bank of Bosnia and Herzegovina.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Bosnia and Herzegovina (BIHFCRODCHPENUM), retrieved from FRED.