People 15 Years and Over Saving at a Financial Institution in the Past Year for Denmark
DDAI06DKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.29
Year-over-Year Change
19.08%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and over in Denmark who have saved at a financial institution within the past year. It provides insights into household savings behavior and financial inclusion.
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 level of formal savings among the adult population in Denmark. This indicator is widely used by economists and policymakers to assess financial literacy, access to banking services, and the overall health of the Danish savings culture.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is relevant for understanding Denmark's financial development and the policies aimed at promoting household savings and financial inclusion.
Key Facts
- Denmark has one of the highest rates of formal savings in the world.
- The savings rate in Denmark has remained relatively stable over the past decade.
- Promoting financial literacy is a key policy focus for the Danish government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and over in Denmark who have saved money at a financial institution within the past year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial behavior and inclusion of the Danish population, which is important for understanding the overall health of the Danish economy and the effectiveness of policies aimed at promoting household savings.
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 used by policymakers and economists to assess the level of financial inclusion and the effectiveness of policies aimed at promoting household savings in Denmark.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Denmark (DDAI06DKA156NWDB), retrieved from FRED.