People 15 Years and Over Saving at a Financial Institution in the Past Year for Brazil
DDAI06BRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.82
Year-over-Year Change
121.88%
Date Range
1/1/2011 - 1/1/2021
Summary
This trend measures the percentage of the Brazilian population aged 15 and over who reported saving at a financial institution in the past year. It provides insights into financial inclusion and household savings patterns in Brazil.
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 for Brazil' trend tracks the share of the Brazilian adult population that uses formal banking services to save money. This indicator is useful for analyzing financial access and assessing financial inclusion efforts in the country.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This metric is relevant for policymakers, financial institutions, and economists studying financial development and household savings in Brazil.
Key Facts
- Brazil's adult savings rate is below the global average.
- Financial inclusion has been a policy priority in Brazil.
- The savings rate varies significantly by income level and region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Brazilian population aged 15 and over who reported saving at a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and household savings patterns in Brazil, which are important for understanding the country's financial development and economic stability.
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: This trend is relevant for policymakers, financial institutions, and economists studying financial development and household savings in Brazil.
Q: Are there update delays or limitations?
A: The data may be subject to survey and sampling limitations, and updates may not be available on a regular or timely basis.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Brazil (DDAI06BRA156NWDB), retrieved from FRED.