Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Ireland
IRLFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,873,000,000.00
Year-over-Year Change
-34.13%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend tracks the outstanding loans at commercial banks in Ireland, providing insights into the country's financial services and lending 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 'Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Ireland' metric represents the total value of loans held by commercial banks in Ireland. This data point is a key indicator of domestic credit conditions and lending practices within the Irish financial system.
Methodology
The data is collected and reported by the Central Bank of Ireland.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the health and stability of Ireland's banking sector and broader economy.
Key Facts
- Ireland's outstanding commercial bank loans totaled €212 billion as of Q4 2022.
- Loan growth has averaged 3.2% annually over the past 5 years.
- The banking sector accounts for over 200% of Ireland's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total value of outstanding loans held by commercial banks in Ireland, providing insights into domestic credit conditions and lending activity.
Q: Why is this trend relevant for users or analysts?
A: The level of commercial bank lending is a key indicator of financial sector health and economic growth potential in Ireland.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Ireland.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts closely monitor this trend to assess the stability and performance of Ireland's banking sector and broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Ireland (IRLFCSODCXDC), retrieved from FRED.