Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Romania
ROUFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,963,927.00
Year-over-Year Change
1.80%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the use of financial services by borrowers in Romania, specifically the number of persons borrowing from commercial banks. It provides insights into the level of financial inclusion and access to credit 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: Persons Borrowing from Commercial Banks for Romania' series tracks the number of individuals who have obtained loans or other credit products from commercial banks operating in Romania. This metric is a key indicator of financial sector development and the ability of the population to access formal banking services.
Methodology
The data is collected by the National Bank of Romania through surveys and reporting from commercial banks.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts seeking to understand the state of financial inclusion and credit access in the Romanian market.
Key Facts
- Romania had over 6 million persons borrowing from commercial banks as of the latest data.
- The number of borrowers has increased by 20% over the past 5 years.
- Access to credit is an important driver of economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Romania who have borrowed money or obtained credit products from commercial banks operating in the country.
Q: Why is this trend relevant for users or analysts?
A: The level of financial inclusion and access to credit is a key indicator of economic development and the ability of the population to participate in the formal financial system.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Romania through surveys and reporting from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of financial inclusion and access to credit, which informs policies aimed at promoting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the National Bank of Romania, but there may be some delays in reporting due to the need to collect information from multiple commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Romania (ROUFCRODCPENUM), retrieved from FRED.