People 15 Years and Over Saving at a Financial Institution in the Past Year for El Salvador
DDAI06SVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.77
Year-over-Year Change
-39.80%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in El Salvador who reported saving money at a financial institution in the past year. It provides insights into the financial inclusion and savings behavior of the Salvadoran 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 El Salvador' trend is an important indicator of financial access and financial health in the country. It helps policymakers and analysts understand the extent to which Salvadorans are able to save and build assets through formal financial channels.
Methodology
This data is collected through national household surveys conducted by the World Bank.
Historical Context
The trend is used to assess progress towards financial inclusion goals and inform policies aimed at increasing access to banking and savings services.
Key Facts
- El Salvador's savings rate at financial institutions was 24.5% in 2017.
- The trend has increased from 20.1% in 2011 to 24.5% in 2017.
- Financial inclusion is a key priority for the Salvadoran government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in El Salvador who reported saving money at a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: The trend provides insights into the financial inclusion and savings behavior of the Salvadoran population, which is important for assessing progress towards financial access goals and informing related policies.
Q: How is this data collected or calculated?
A: The data is collected through national household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: The trend is used by policymakers and analysts to assess financial inclusion and inform policies aimed at increasing access to banking and savings services in El Salvador.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may not capture all informal savings activities.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for El Salvador (DDAI06SVA156NWDB), retrieved from FRED.