Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Romania
ROUFCLODUGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-19.35%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the outstanding deposits held with credit unions and financial cooperatives in Romania as a percentage of the country's gross domestic product. It provides insights into the role of these institutions in the Romanian financial system.
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 outstanding deposits with credit unions and financial cooperatives in Romania is an important indicator of the development and usage of these financial services within the country. It helps economists and policymakers understand the level of financial inclusion and the overall health of the credit union and cooperative sectors.
Methodology
The data is collected and calculated by the National Bank of Romania.
Historical Context
This trend is used by economists, financial analysts, and policymakers to assess the financial stability and access to credit in the Romanian economy.
Key Facts
- Romania's outstanding deposits with credit unions and cooperatives were 0.7% of GDP in 2021.
- The trend has shown gradual growth over the past decade, indicating increased financial inclusion.
- Credit unions and cooperatives play a significant role in providing banking services to underserved populations in Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held with credit unions and financial cooperatives in Romania as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role and development of credit unions and financial cooperatives in the Romanian financial system, which is important for understanding financial inclusion and access to credit in the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Economists, financial analysts, and policymakers use this trend to assess the financial stability and access to credit in the Romanian economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the National Bank of Romania, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Romania (ROUFCLODUGGDPPT), retrieved from FRED.