People 15 Years and Over Saving at a Financial Institution in the Past Year for the Plurinational State of Bolivia
DDAI06BOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.04
Year-over-Year Change
17.39%
Date Range
1/1/2011 - 1/1/2021
Summary
This trend measures the percentage of people aged 15 and above in Bolivia who report saving money at a financial institution over the past year. It provides insight into financial inclusion and saving behaviors.
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' metric tracks the share of the adult population in Bolivia that reports having saved or set aside any money in the past 12 months at a bank or another type of financial institution. This indicator is used to assess financial access and individual saving patterns.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This metric is relevant for policymakers and economists analyzing financial inclusion and economic development in Bolivia.
Key Facts
- The latest available data point shows 43.3% of Bolivians aged 15+ saved at a financial institution in the past year.
- Bolivia's adult saving rate lags behind the Latin American and Caribbean regional average of 55.3%.
- Improving financial inclusion is a key policy goal for the Bolivian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of adults aged 15 and over in Bolivia who report saving money at a bank or other financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and individual saving behaviors in Bolivia, which are important indicators of economic development and household financial resilience.
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 economists use this metric to analyze financial access and inform policies aimed at promoting greater financial inclusion in Bolivia.
Q: Are there update delays or limitations?
A: This data is updated infrequently, with the latest available data point from several years ago. Limitations include reliance on self-reported survey responses.
Related Trends
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Bolivia
BOLFCIOFMNUM
Lerner Index in Banking Market for the Plurinational State of Bolivia
DDOI04BOA066NWDB
Number of Identified Exporters to the Plurinational State of Bolivia from Maryland
MDBOLA475SCEN
Non-Life Insurance Premium Volume to GDP for the Plurinational State of Bolivia
DDDI10BOA156NWDB
Balance of Payments: Current account balance (credit less debit) for Bolivia
BOLBCAGDPBP6
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Bolivia
BOLFCSODCGGDPPT
Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for the Plurinational State of Bolivia (DDAI06BOA156NWDB), retrieved from FRED.