Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Romania
ROUFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,846,123.00
Year-over-Year Change
0.94%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in Romania. It provides insights into consumer credit demand and financial inclusion in the Romanian economy.
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 Borrowers: Households Borrowing from Commercial Banks for Romania indicator tracks the volume of household borrowing from commercial banks in the country. It serves as a key metric for assessing financial sector development and consumer credit dynamics.
Methodology
The data is collected by the National Bank of Romania through surveys of commercial banks operating in the country.
Historical Context
This trend is closely monitored by policymakers and economists to gauge the health of the Romanian financial system and consumer lending market.
Key Facts
- Romania's household borrowing from commercial banks peaked in 2019.
- Consumer credit growth has slowed since the COVID-19 pandemic.
- Household debt levels in Romania remain below the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of household borrowing from commercial banks in Romania, providing insights into consumer credit demand and financial inclusion.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial sector development and consumer credit dynamics in the Romanian economy, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Romania through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to gauge the health of the Romanian financial system and consumer lending market, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and may be subject to revisions as more information becomes available.
Related Trends
Harmonized Index of Consumer Prices: Household Appliances for Romania
CP0530ROM086NEST
Harmonized Index of Consumer Prices: Motor Cycles, Bicycles, and Animal Drawn Vehicles for Romania
CP0712ROM086NEST
Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Romania
CP0912ROM086NEST
Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Romania
CP0114ROM086NEST
Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Commercial Banks for Romania
ROUFCNODCSNUM
Net migration for Romania
SMPOPNETMROU
Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Romania (ROUFCRODCHPENUM), retrieved from FRED.