People 15 Years and Over Saving at a Financial Institution in the Past Year for Comoros
DDAI06KMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.77
Year-over-Year Change
0.00%
Date Range
1/1/2011 - 1/1/2011
Summary
This economic trend measures the percentage of people aged 15 and older in Comoros who reported saving money at a financial institution within the past year. It provides insight into the savings behavior and financial inclusion of the Comorian 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 for Comoros indicator tracks the level of formal financial participation among the adult population. It is an important metric for evaluating financial development and access to banking services in the country.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
Policymakers and financial institutions use this indicator to inform strategies for promoting financial inclusion and encouraging domestic savings in Comoros.
Key Facts
- Comoros had a 20.55% adult savings rate at financial institutions in 2017.
- Formal savings rates are lower in rural areas compared to urban centers.
- Women in Comoros are less likely to save at financial institutions than men.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of people aged 15 and older in Comoros who reported saving money at a financial institution within the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and participation in the formal banking system among the adult population in Comoros.
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 financial institutions use this indicator to inform strategies for promoting financial inclusion and encouraging domestic savings in Comoros.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not reflect the most recent economic conditions in Comoros.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Comoros (DDAI06KMA156NWDB), retrieved from FRED.