Consumer Credit

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Government Finances, Economic Statistics
Jesper Søgaard Dreesen
+45 51 64 92 61

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Consumer Credit 2023

These statistics Consumer credit show the volume and development of consumer credit and credit cards services. With its short production time of 35 days after the end of the quarter, these statistics can serve as a business cycle indicator for credit intermediation in Denmark. These statistics have been compiled since 1999 and are in their current form comparable from 2008 onwards.

Statistical presentation

These statistics are a quarterly estimate of consumer credit in DKK million, provided by financial and non-financial corporations inside and outside the banking sector. The consumer credit is distributed by balance on purchase cards and debit cards, including gasoline companies, as well as on short-term loans and credit against collateral.

Statistical processing

Data is collected directly from consumer credit companies, while data from the banking sector is gathered from Danmarks Nationalbank. The data is gathered electronically through virk.dk. Consumer credit within the banking sector is corrected for double counting. Once data is collected, a manual validation of the data is carried out before the publication of the aggregated figures.

Relevance

The statistic contributes to the general information on the Danish lending and may, given the short time of production, serve as a business cycle indicator. Therefore it is broadly oriented towards the different sectors: private citizens, businesses, politicians, authorities or educational institutions. Data regarding user satisfaction is not gathered at this time.

Accuracy and reliability

The statistic covers all providers of consumer credit and debit payments and the response rate is 100 per cent. There will be no revisions to the statistics. However, there may be some uncertainty associated with coverage error, if new companies aren't observed and gathered in time before publication.

Timeliness and punctuality

The publication time of these statistics is 35 days. The statistic is usually published without delay in relation to the scheduled date.

Comparability

There are statistics back to 1999 on consumer credit. The population is defined for relatively few units, causing some sensitivity to the constant changes in the population. This adjustment is a result of new players and where companies no longer meet the requirements to be included in the statistics.

Accessibility and clarity

These statistics are published in the Statbank under Consumer Credit. For further information, go to the subject page.