Number of Bankruptcies for Great Britain
M09042GBM155NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.00
Year-over-Year Change
-43.59%
Date Range
1/1/1790 - 12/1/1852
Summary
The 'Number of Bankruptcies for Great Britain' tracks the total number of bankruptcy filings in the United Kingdom, providing insight into the financial health and stability of British businesses.
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
This economic indicator measures the volume of corporate and personal bankruptcies declared in Great Britain. It serves as an important marker of economic and financial conditions, as spikes in bankruptcies often signal distress in the broader business environment.
Methodology
The data is collected and reported by the UK's Insolvency Service based on formal bankruptcy declarations.
Historical Context
Policymakers and analysts monitor this trend to gauge the overall stability of the British economy and identify potential trouble spots.
Key Facts
- Bankruptcy filings peaked in the UK during the 2008-2009 financial crisis.
- Personal insolvencies make up the majority of bankruptcy declarations in Britain.
- The number of business failures tends to rise during economic downturns.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of bankruptcy filings, both personal and corporate, declared in the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: Monitoring bankruptcy volumes provides important insights into the overall financial health and stability of the British economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the UK Insolvency Service based on formal bankruptcy declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge financial conditions and identify potential trouble spots in the British business environment.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delays in publication due to the time required to process bankruptcy filings.
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Citation
U.S. Federal Reserve, Number of Bankruptcies for Great Britain (M09042GBM155NNBR), retrieved from FRED.