People 15 Years and Over Saving at a Financial Institution in the Past Year for Turkey
DDAI06TRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.55
Year-over-Year Change
129.10%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of the Turkish population aged 15 and older who reported saving money at a financial institution in the past year. It provides insight into the savings behavior and financial inclusion of Turkish adults.
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 Turkey' metric is an indicator of financial access and savings in the Turkish economy. It represents the proportion of the adult population that is actively using formal banking and savings products.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is relevant for policymakers and economists analyzing financial inclusion and economic development in Turkey.
Key Facts
- The latest data point is from 2017.
- The percentage of Turkish adults saving at a financial institution was 52.8% in 2017.
- Turkey has set financial inclusion targets as part of its economic development plans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Turkish population aged 15 and older who reported saving money at a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial access and savings behavior of the Turkish adult population, which is important for evaluating financial inclusion and economic development.
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 and economists analyzing financial inclusion and economic development in Turkey.
Q: Are there update delays or limitations?
A: The latest data point is from 2017, so there may be update delays in this series.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Turkey (DDAI06TRA156NWDB), retrieved from FRED.