Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Portugal
CRDQPTBPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
222.33
Year-over-Year Change
4.39%
Date Range
10/1/1947 - 10/1/2024
Summary
This economic trend measures the volume of credit extended by domestic banks to the private non-financial sector in Portugal, adjusted for statistical breaks. It provides insight into the availability and flow of credit, which is a key driver of economic activity.
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 Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Portugal indicator tracks the total outstanding loans and other credit extended by domestic banking institutions to private companies and households in Portugal. This metric is used by economists and policymakers to assess the overall level of financial intermediation and credit conditions in the Portuguese economy.
Methodology
The data is collected and reported by the Bank of Portugal based on financial reporting from domestic banks.
Historical Context
Trends in this credit metric are closely monitored by the European Central Bank and other institutions to gauge the effectiveness of monetary and financial policies.
Key Facts
- Credit to the private non-financial sector in Portugal was €373 billion as of the latest data.
- This metric has declined from a peak of €415 billion in 2010 due to deleveraging after the Eurozone debt crisis.
- The ratio of private sector credit to GDP in Portugal was 193% as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of loans and other credit extended by domestic banks to private non-financial companies and households in Portugal.
Q: Why is this trend relevant for users or analysts?
A: Trends in private sector credit are a key indicator of financial conditions and the availability of financing for businesses and consumers, which are critical drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Portugal based on financial reporting from domestic banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor private sector credit trends to assess the transmission of monetary policy and the overall level of financial intermediation in the economy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and the series includes statistical adjustments for breaks in historical reporting.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Portugal (CRDQPTBPABIS), retrieved from FRED.