People 15 Years and Over Saving at a Financial Institution in the Past Year for Kyrgyzstan
DDAI06KGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.29
Year-over-Year Change
607.37%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic indicator tracks the percentage of people aged 15 and older in Kyrgyzstan who report saving money at a financial institution over the past year. It provides insights into the savings behavior and financial inclusion of the Kyrgyz 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' metric is part of the Global Findex Database, a comprehensive dataset on how individuals save, borrow, make payments, and manage risk. This indicator is used by economists and policymakers to assess financial access and gauge the effectiveness of programs aimed at promoting greater financial inclusion.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This indicator can inform policies and initiatives focused on improving financial literacy, expanding banking infrastructure, and increasing the use of formal savings instruments in Kyrgyzstan.
Key Facts
- The latest available data point for Kyrgyzstan is from 2017.
- The percentage of people 15 and over saving at a financial institution in Kyrgyzstan was 4.6% in 2017.
- Kyrgyzstan's savings rate lags behind the global average of 13.9% for the same year.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of people aged 15 and older in Kyrgyzstan who report saving money at a financial institution, such as a bank, in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and savings behavior in Kyrgyzstan, which is important for policymakers and economists focused on promoting economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the World Bank as part of the Global Findex Database.
Q: How is this trend used in economic policy?
A: This indicator can inform policies and initiatives aimed at improving financial literacy, expanding banking infrastructure, and increasing the use of formal savings instruments in Kyrgyzstan.
Q: Are there update delays or limitations?
A: The data for this indicator is updated every three years, with the latest available data point for Kyrgyzstan being from 2017.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Kyrgyzstan (DDAI06KGA156NWDB), retrieved from FRED.