Faroe Islands: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 17.07 billion Danish Krone as of June 2024, an increase compared to the previous value of 16.99 billion Danish Krone. Historically, the average for the Faroe Islands from September 2013 to June 2024 is 14.15 billion Danish Krone. The minimum of 12.26 billion Danish Krone was recorded in January 2014, while the maximum of 17.1 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: Private sector credit, billion currency units |
|---|---|
| 2024 Jun | 17.07 |
| 2024 May | 16.99 |
| 2024 Apr | 17.09 |
| 2024 Mar | 17.1 |
| 2024 Feb | 16.87 |
| 2024 Jan | 16.86 |
| 2023 Dec | 17.1 |
| 2023 Nov | 16.93 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. 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 |