Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Ireland
QIENAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.50
Year-over-Year Change
-20.15%
Date Range
1/1/2002 - 10/1/2024
Summary
This economic trend measures the total credit extended to non-financial corporations in Ireland, adjusted for statistical breaks. It is a key indicator of business financing conditions and investment 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 total credit to non-financial corporations metric tracks the overall level of debt financing used by private-sector businesses in Ireland. It is an important signal of the health and access to credit for the corporate sector, which can influence economic growth and investment decisions.
Methodology
The data is collected and reported by the Central Bank of Ireland.
Historical Context
Policymakers and analysts monitor this trend to assess the availability of business credit and its potential impact on the broader economy.
Key Facts
- Ireland's total corporate credit reached €408 billion as of 2022.
- Credit growth slowed to 2.3% year-over-year in 2022 amid economic uncertainty.
- Corporate debt levels are closely watched by the Central Bank of Ireland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit and debt financing extended to non-financial businesses in Ireland, adjusted for statistical breaks in the data.
Q: Why is this trend relevant for users or analysts?
A: The total credit to non-financial corporations is an important indicator of the financing conditions and investment capacity of the private business sector, which can signal broader economic trends.
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 and economists monitor this trend to assess the availability of business credit and its potential impact on investment, growth, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight lag, and may be subject to revisions or statistical breaks over time.
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Citation
U.S. Federal Reserve, Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Ireland (QIENAM770A), retrieved from FRED.