Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for Colombia
Monthly, Seasonally Adjusted
COLLFINTTMASTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,485,661.00
Year-over-Year Change
-0.20%
Date Range
1/1/2007 - 6/1/2025
Summary
The Federal Reserve's Consumer Loan Finance Rate measures the average interest rate on outstanding consumer loans. This metric provides insight into the cost of consumer credit and reflects economic conditions.
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 Consumer Loan Finance Rate tracks the weighted average interest rate on various types of consumer loans, including credit cards, auto loans, and personal loans. It is a key indicator of the cost of consumer borrowing and can signal changes in credit market conditions.
Methodology
The Federal Reserve collects and aggregates data from financial institutions to calculate this monthly, seasonally adjusted rate.
Historical Context
Economists and policymakers monitor this rate to assess the availability and affordability of consumer credit, which influences household spending and broader economic activity.
Key Facts
- The rate averaged 10.78% in 2022.
- Rates have risen steadily since 2021 as the Fed has hiked interest rates.
- Consumer lending makes up a significant portion of the US credit market.
FAQs
Q: What does this economic trend measure?
A: The Consumer Loan Finance Rate tracks the average interest rate on outstanding consumer loans, including credit cards, auto loans, and personal loans.
Q: Why is this trend relevant for users or analysts?
A: This rate provides insight into the cost of consumer credit, which influences household spending and broader economic activity. It is a key indicator monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data from financial institutions and calculates the monthly, seasonally adjusted Consumer Loan Finance Rate.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this rate to assess the availability and affordability of consumer credit, which can inform decisions around monetary policy and economic stimulus.
Q: Are there update delays or limitations?
A: The Consumer Loan Finance Rate is published monthly with a lag, so the most recent data may not reflect the current credit market conditions.
Related Trends
Number of Identified Exporters to Colombia from Kansas
KSCOLA475SCEN
Financial Market: Share Prices for Colombia
COLSPASTT01IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Colombia
COLCP080000IXOBQ
Balance of Payments: Portfolio Investment: Liabilities (or Net Incurrence of Liabilities) for Colombia
COLB6FAPI03CXCUQ
Value of Exports to Colombia from Idaho
IDCOLA052SCEN
International Merchandise Trade Statistics: Exports: Commodities for Colombia
COLXTEXVA01CXMLSAM
Citation
U.S. Federal Reserve, Consumer Loan Finance Rate (COLLFINTTMASTSAM), retrieved from FRED.