Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Austria
Billions of Euros
CRDQATANABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
428.74
Year-over-Year Change
4.13%
Date Range
10/1/1995 - 10/1/2024
Summary
The 'Billions of Euros' trend measures the total value of euro-denominated credit extended to non-euro area borrowers by euro area lenders. This metric is crucial for understanding global financing and capital flows.
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 'Billions of Euros' series tracks the outstanding amount of euro-denominated credit provided to non-euro area entities by euro area banks, financial institutions, and other lenders. This data point is used by economists and policymakers to analyze cross-border lending and borrowing patterns within the global financial system.
Methodology
The data is collected and reported by the European Central Bank.
Historical Context
This economic indicator provides insight into the international use and reach of the euro currency.
Key Facts
- Reached a high of €3.78 trillion in Q4 2021.
- Declined from a peak of €4.14 trillion in Q1 2020.
- Provides insight into global use of the euro currency.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Euros' metric tracks the total value of euro-denominated credit extended by euro area lenders to borrowers outside the euro area.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding patterns of global financing and capital flows, as well as the international role and usage of the euro currency.
Q: How is this data collected or calculated?
A: The data is collected and reported by the European Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the global reach and influence of the euro, as well as cross-border lending and borrowing dynamics.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Billions of Euros (CRDQATANABIS), retrieved from FRED.