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.
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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 |
|---|---|
| 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 |