Faroe Islands: Business credit
* indicates monthly or quarterly data series
The most recent value is 6.5 billion Danish Krone as of June 2024, a decline compared to the previous value of 6.58 billion Danish Krone. Historically, the average for the Faroe Islands from September 2013 to June 2024 is 5.59 billion Danish Krone. The minimum of 4.8 billion Danish Krone was recorded in December 2016, while the maximum of 6.74 billion Danish Krone was reached in December 2023.
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* indicates monthly or quarterly data series
- Measure: billion Danish Krone
- Source: Statistics Faroe Islands
| Recent values | Faroe Islands: Business credit, billion currency units |
|---|---|
| 2024 Jun | 6.5 |
| 2024 May | 6.58 |
| 2024 Apr | 6.71 |
| 2024 Mar | 6.73 |
| 2024 Feb | 6.69 |
| 2024 Jan | 6.65 |
| 2023 Dec | 6.74 |
| 2023 Nov | 6.72 |
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Definition: Business credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| USD exchange rate | 6.7162 | 9/2024 | Local Currency Units per USD |
| Consumer Price Index (CPI) | 143.6600 | Q2/2024 | index points |
| Inflation, monthly | 0.49 | 6/2024 | percent |
| Inflation, annual | 2.99 | 6/2024 | percent |
| Private sector credit | 17.07 | 6/2024 | billion |
| Business credit | 6.50 | 6/2024 | billion |
| Household credit | 10.57 | 6/2024 | billion |