Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Denmark
DNKFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.46
Year-over-Year Change
-39.82%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the amount of outstanding loans from commercial banks in Denmark as a percentage of the country's gross domestic product (GDP), providing insights into the level of financial services utilization.
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 Denmark' series tracks the ratio of outstanding loans from commercial banks to Denmark's GDP, offering a gauge of the importance of the banking sector in the country's economy.
Methodology
The data is collected and calculated by the Federal Reserve using information from the Danish central bank and national accounts.
Historical Context
This trend is used by economists and policymakers to assess the depth and development of Denmark's financial system.
Key Facts
- Denmark's outstanding commercial bank loans were 174% of GDP in 2021.
- The trend has declined from a peak of 228% in 2008 during the global financial crisis.
- Denmark has a highly developed financial sector, with a banking system that plays a central role in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of outstanding loans from commercial banks in Denmark as a percentage of the country's gross domestic product (GDP), providing insights into the level of financial services utilization.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers as it offers a gauge of the importance and development of Denmark's financial system, which is a key component of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve using information from the Danish central bank and national accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the depth and development of Denmark's financial system, which is crucial for understanding the country's macroeconomic conditions and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Denmark (DNKFCSODCGGDPPT), retrieved from FRED.