People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Bulgaria
DDAI07BGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.35
Year-over-Year Change
237.52%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and over in Bulgaria who borrowed from a financial institution in the past year. It provides insights into the country's financial inclusion and access to formal credit channels.
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 for Bulgaria metric is an important indicator of financial development and access to formal financial services. It highlights the extent to which the adult population in Bulgaria utilizes institutional credit sources for their financing needs.
Methodology
This data is collected through national household surveys and compiled by the World Bank.
Historical Context
Policymakers and analysts use this trend to assess financial inclusion and gauge the effectiveness of efforts to expand access to credit in Bulgaria.
Key Facts
- The latest data point shows 42.4% of Bulgarians aged 15 and over borrowed from a financial institution in the past year.
- Bulgaria's financial inclusion rate is below the European Union average of 59.8%.
- Improving access to formal credit is a key priority for economic development in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and over in Bulgaria who 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 metric provides insights into the level of financial inclusion and access to formal credit channels in Bulgaria, which is an important indicator of the country's financial development and economic progress.
Q: How is this data collected or calculated?
A: The data is collected through national household surveys and compiled by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial inclusion efforts and inform policies aimed at expanding access to credit and formal financial services in Bulgaria.
Q: Are there update delays or limitations?
A: This data is typically updated on an annual basis, with some delay in reporting. It may not capture all informal sources of credit in the country.
Related Trends
Value of Exports to Bulgaria from North Dakota
NDBGRA052SCEN
Number of Identified Exporters to Bulgaria from South Carolina
SCBGRA475SCEN
Value of Exports to Bulgaria from Maryland
MDBGRA052SCEN
Value of Exports to Bulgaria from Kansas
KSBGRA052SCEN
Harmonized Index of Consumer Prices: Energy and Seasonal Food for Bulgaria
ENRGYSBGM086NEST
Harmonized Index of Consumer Prices: Domestic Services and Household Services for Bulgaria
CP0562BGM086NEST
Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Bulgaria (DDAI07BGA156NWDB), retrieved from FRED.