People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Albania
DDAI07ALA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.39
Year-over-Year Change
77.75%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in Albania who have borrowed from a financial institution in the past year. It provides insights into financial inclusion and access to credit within the country.
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 Borrowing from a Financial Institution in the Past Year' trend tracks the level of financial access and usage among the adult population in Albania. It is an important indicator for evaluating financial development and the effectiveness of policies aimed at increasing financial inclusion.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is used by policymakers, economists, and financial institutions to assess financial inclusion and identify areas for improvement.
Key Facts
- Albania's borrowing rate from financial institutions was 35.4% in 2017.
- Financial inclusion has been a key policy focus in Albania in recent years.
- Access to credit is crucial for supporting economic growth and reducing poverty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in Albania who have borrowed from a financial institution, such as a bank or microfinance provider, in the past year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to credit within Albania, which are important factors for economic development and poverty reduction.
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, economists, and financial institutions use this trend to assess financial inclusion and identify areas for improvement in Albania's financial sector.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, and there may be delays in the most recent data being available.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Albania (DDAI07ALA156NWDB), retrieved from FRED.