People 15 Years and Over with Account at a Formal Financial Institution for Tunisia
DDAI05TNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.71
Year-over-Year Change
30.99%
Date Range
1/1/2014 - 1/1/2021
Summary
This trend measures the percentage of people aged 15 and older in Tunisia who have an account at a formal financial institution. It provides insights into financial inclusion and access to banking services.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'People 15 Years and Over with Account at a Formal Financial Institution for Tunisia' metric represents the proportion of the Tunisian adult population that utilizes formal banking services. This data point is a key indicator of financial development and economic empowerment.
Methodology
The data is collected through household surveys and reported by the World Bank.
Historical Context
This trend is used by policymakers, economists, and financial institutions to track financial inclusion and assess the impact of policies aimed at expanding access to banking services.
Key Facts
- The latest available data point is from 2017.
- Tunisia's financial inclusion rate was 37.1% in 2017.
- Financial inclusion has increased by over 10 percentage points since 2011.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Tunisian population aged 15 and older who have an account at a formal financial institution, such as a bank, credit union, or microfinance provider.
Q: Why is this trend relevant for users or analysts?
A: Financial inclusion is a critical component of economic development, as it enables individuals to save, borrow, and invest, leading to improved living standards and financial security. This trend provides insight into the progress of financial inclusion in Tunisia.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this data to assess the effectiveness of initiatives aimed at expanding access to banking services and promoting financial inclusion in Tunisia.
Q: Are there update delays or limitations?
A: The data is reported by the World Bank, and there may be delays in updating the series. Additionally, the survey methodology and coverage may have limitations in capturing the full picture of financial inclusion in Tunisia.
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Citation
U.S. Federal Reserve, People 15 Years and Over with Account at a Formal Financial Institution for Tunisia (DDAI05TNA156NWDB), retrieved from FRED.