Faroe Islands: Private sector credit

* indicates monthly or quarterly data series
The most recent value is 17.82 billion Danish Krone as of March 2025, an increase compared to the previous value of 17.39 billion Danish Krone. Historically, the average for the Faroe Islands from September 2013 to March 2025 is 14.35 billion Danish Krone. The minimum of 12.26 billion Danish Krone was recorded in January 2014, while the maximum of 17.82 billion Danish Krone was reached in March 2025. Click on the following link to see the values of: Private sector credit around the world.
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* indicates monthly or quarterly data series

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Recent values Faroe Islands: Private sector credit, billion currency units
2025  Mar 17.82
2025  Feb 17.39
2025  Jan 17.32
2024  Dec 17.39
2024  Nov 17.16
2024  Oct 16.92
2024  Sep 17.04
2024  Aug 17.05


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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 6.6160 5/2025 Local Currency Units per USD
 Consumer Price Index (CPI) 144.8000 Q1/2025 index points
 Inflation, monthly 0.92 3/2025 percent
 Inflation, annual 1.29 3/2025 percent
 Private sector credit 17.82 3/2025 billion
 Business credit 6.75 3/2025 billion
 Household credit 11.08 3/2025 billion
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