Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Romania
ROUFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.03
Year-over-Year Change
-39.78%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans from commercial banks in Romania as a percentage of GDP, providing insight into the use of financial services and lending activity 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: Key Indicators, Outstanding Loans from Commercial Banks for Romania data series tracks the volume of outstanding loans from commercial banks relative to the size of the Romanian economy. This metric is a important indicator of financial intermediation and credit availability, which are crucial for economic growth and development.
Methodology
The data is collected and calculated by the National Bank of Romania.
Historical Context
Policymakers and analysts use this trend to assess the depth and breadth of Romania's financial system and its ability to support private sector activity.
Key Facts
- Outstanding loans from Romanian commercial banks equaled 24.6% of GDP in 2021.
- This metric has declined from a high of 42.5% in 2008, following the global financial crisis.
- Improving financial inclusion and deepening credit markets are key priorities for the Romanian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Romania as a percentage of GDP, providing insight into the use of financial services and lending activity in the Romanian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial intermediation and credit availability, which are crucial for economic growth and development in Romania.
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: Policymakers and analysts use this trend to assess the depth and breadth of Romania's financial system and its ability to support private sector activity.
Q: Are there update delays or limitations?
A: The data is updated periodically by the National Bank of Romania, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Romania (ROUFCSODCGGDPPT), retrieved from FRED.