People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Panama
DDAI07PAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.39
Year-over-Year Change
6.46%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and over in Panama who have borrowed from a financial institution in the past year. It provides insights into financial inclusion and access to credit in the country.
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 adult population in Panama that has utilized formal credit sources over the prior 12 months. This indicator is used to assess levels of financial access and the degree of financial inclusion within the Panamanian economy.
Methodology
The data is collected through nationally representative household surveys.
Historical Context
This trend is relevant for policymakers and analysts assessing financial sector development and financial inclusion strategies in Panama.
Key Facts
- Panama's borrowing rate from financial institutions was 46.3% in 2017.
- Access to formal credit has increased in Panama over the past decade.
- Financial inclusion remains a policy priority in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the adult population in Panama that has 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 indicator provides insights into the level of financial inclusion and access to credit within the Panamanian economy, which is an important factor for economic development and household financial security.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys in Panama.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess progress on financial inclusion initiatives and to inform strategies for expanding access to formal credit sources in Panama.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the survey frequency may limit the timeliness of the information.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Panama (DDAI07PAA156NWDB), retrieved from FRED.