People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Ireland
DDAI07IEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.10
Year-over-Year Change
244.24%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in Ireland who have borrowed from a financial institution in the past year. It provides insight into household financial access and credit market participation.
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 level of financial inclusion and lending activity among the adult population in Ireland. It is an important indicator of economic development and the health of the country's credit markets.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
Policymakers and analysts use this trend to assess financial access and credit conditions in Ireland.
Key Facts
- Ireland's borrowing rate was 53.4% in 2017.
- Borrowing levels have increased steadily in Ireland since 2011.
- Financial inclusion is a key development goal for the Irish government.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of the adult population in Ireland that has borrowed from a financial institution in the past year, providing insight into financial access and credit market participation.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the state of financial inclusion and the health of credit markets in Ireland, which are key factors for economic development and household financial well-being.
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 and analysts use this metric to evaluate financial access and credit conditions in Ireland, which informs policies and programs aimed at promoting financial inclusion and development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the survey methodology may vary across countries, limiting direct cross-country comparisons.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Ireland (DDAI07IEA156NWDB), retrieved from FRED.