People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Qatar
DDAI07QAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.55
Year-over-Year Change
0.00%
Date Range
1/1/2011 - 1/1/2011
Summary
This economic trend measures the percentage of the Qatari population aged 15 and older who have borrowed from a financial institution in the past year. It provides insight into financial inclusion and access to credit in Qatar.
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 Qatar that has utilized formal credit channels over the previous 12 months. This indicator is used to assess financial development and gauge the accessibility of banking services.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is relevant for policymakers and financial analysts seeking to understand Qatar's financial landscape and identify opportunities for improving financial inclusion.
Key Facts
- Qatari borrowing from financial institutions was 49% in 2017.
- Qatar's financial inclusion rate is higher than the global average.
- Access to credit is a key driver of economic development in Qatar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Qatari 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 metric provides insight into financial inclusion and access to credit in Qatar, which are important indicators of economic development and 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 financial analysts use this trend to understand Qatar's financial landscape and identify opportunities for improving financial inclusion.
Q: Are there update delays or limitations?
A: The data is published periodically by the World Bank, so there may be some update delays. The survey-based methodology may also have certain limitations.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Qatar (DDAI07QAA156NWDB), retrieved from FRED.