People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Lesotho
DDAI07LSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.57
Year-over-Year Change
83.32%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the percentage of people aged 15 and older in Lesotho who borrowed from a financial institution in the past year. Understanding borrowing patterns is crucial for policymakers assessing 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' statistic represents the share of the adult population in Lesotho that utilized formal credit services over a 12-month period. This metric is widely used to evaluate financial development and gauge the accessibility of banking and lending products.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This indicator provides insight into the financial behaviors and credit market conditions within Lesotho, which is relevant for economic and policy analysis.
Key Facts
- Lesotho's borrowing rate was 31.9% in 2017.
- Borrowing from financial institutions is higher among men than women in Lesotho.
- Access to credit remains a challenge for many Basotho households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in Lesotho 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 is important for evaluating financial inclusion and access to credit within Lesotho, which are key factors for economic development and household financial stability.
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 indicator to assess the state of Lesotho's credit markets and identify areas for improving financial access and inclusion.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Lesotho (DDAI07LSA156NWDB), retrieved from FRED.