People 15 Years and Over Saving at a Financial Institution in the Past Year for Austria
DDAI06ATA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.67
Year-over-Year Change
29.21%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and over in Austria who reported saving at a financial institution in the past year. It provides insights into the savings behavior and financial inclusion of the Austrian population.
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 Saving at a Financial Institution in the Past Year' indicator tracks the level of formal savings among Austrian adults. It is an important metric for understanding the financial health and economic security of households, as well as the effectiveness of financial services and policies.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This trend is used by policymakers, economists, and financial institutions to assess the overall savings culture and financial inclusion levels in Austria.
Key Facts
- Austria's savings rate at financial institutions was 87.7% in 2017.
- Formal savings rates are higher among older adults than younger Austrians.
- Access to banking services is nearly universal in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and over in Austria who reported saving money at a financial institution within the past year.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the financial health and inclusion of the Austrian population, which is important for policymakers, economists, and financial institutions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies in Austria.
Q: How is this trend used in economic policy?
A: This trend is used to assess the overall savings culture and financial inclusion levels in Austria, which informs policy decisions related to financial services and consumer finance.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential delays in availability from the source.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Austria
LRHUTTTTATM156S
Consumer Price Index: Harmonized Prices: All Items: Total for Austria
CPHPTT01ATA657N
Infra-Annual Labor Statistics: Unemployment Female: From 25 to 54 Years for Austria
LFUN25FEATA647N
Bank Lending Deposit Spread for Austria
DDEI02ATA156NWDB
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Austria
BARTERICMP25UPZSAUT
Labor Compensation: Earnings: Manufacturing: Hourly for Austria
LCEAMN01ATM659S
Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Austria (DDAI06ATA156NWDB), retrieved from FRED.