Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Romania
ROUFCNODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,500,537.00
Year-over-Year Change
6.00%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the number of loan accounts held by households at commercial banks in Romania. It provides insight into consumer borrowing patterns and credit access within 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 number of loan accounts held by households at commercial banks is an indicator of the overall usage of financial services in Romania. This metric reflects the level of consumer credit and borrowing activity, which is a key component of economic growth and financial inclusion.
Methodology
The data is collected through surveys of commercial banks operating in Romania.
Historical Context
Policymakers and analysts use this trend to monitor the development of the Romanian financial sector and consumer credit market.
Key Facts
- Romania had over 6 million household loan accounts in 2020.
- The number of loan accounts has increased by 25% since 2015.
- Consumer lending is a key driver of economic growth in Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by households at commercial banks in Romania. It provides insight into consumer borrowing patterns and credit access.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the development of the Romanian financial sector and consumer credit market, which are key drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in Romania.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor financial inclusion and consumer credit conditions in Romania.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a reliable, comprehensive view of household lending in the Romanian banking system.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Romania (ROUFCNODCHNUM), retrieved from FRED.