People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Denmark
DDAI07DKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.16
Year-over-Year Change
182.79%
Date Range
1/1/2011 - 1/1/2021
Summary
This trend measures the percentage of the Danish population aged 15 and older who have borrowed from a financial institution in the past year. It provides insight into household financial health and credit access.
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 share of the Danish adult population that has utilized formal credit channels over a 12-month period. This data point offers economists and policymakers a gauge of consumer lending activity and financial inclusion.
Methodology
The data is collected through nationally representative household surveys conducted by the World Bank.
Historical Context
This indicator can inform analyses of consumer finance, credit markets, and economic well-being in Denmark.
Key Facts
- Denmark's borrowing rate was 66.4% in 2017.
- Borrowing from financial institutions has increased in Denmark over the past decade.
- Access to credit is an important indicator of economic opportunity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of the Danish population aged 15 and older who have borrowed from a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into household financial health, consumer credit access, and overall economic well-being in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this metric to inform assessments of consumer finance, credit markets, and financial inclusion in Denmark.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in Danish household borrowing patterns.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Denmark (DDAI07DKA156NWDB), retrieved from FRED.