People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Belarus
DDAI07BYA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.46
Year-over-Year Change
33.67%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the percentage of people aged 15 and over in Belarus who have borrowed from a financial institution in the past year. It provides insights into household-level financial inclusion and access to credit.
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' metric tracks the prevalence of formal borrowing among the adult population in Belarus. It is a key indicator of financial development and can inform policies aimed at improving access to financial services.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is widely used by policymakers, economists, and financial institutions to assess financial inclusion and identify opportunities for expanding access to credit.
Key Facts
- Belarus's borrowing rate from financial institutions was 42.2% in 2017.
- Borrowing from financial institutions in Belarus has increased by 7.8 percentage points since 2011.
- Women in Belarus are 3.4 percentage points more likely to borrow from financial institutions than men.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and over in Belarus 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 metric provides insights into financial inclusion and access to credit within the adult population of Belarus, which is important for assessing the development of the country's financial sector and informing policies aimed at expanding financial services.
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 widely used by policymakers, economists, and financial institutions to evaluate financial inclusion and identify opportunities for improving access to credit and other financial services in Belarus.
Q: Are there update delays or limitations?
A: The data is published with a delay, and survey coverage may vary across countries and over time, which can affect the comparability of the trend.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Belarus (DDAI07BYA156NWDB), retrieved from FRED.