People 15 Years and Over with Account at a Formal Financial Institution for Brazil
DDAI05BRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.56
Year-over-Year Change
49.59%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic indicator measures the percentage of the Brazilian population aged 15 and older who have an account at a formal financial institution. It provides insight into financial inclusion and access to banking services in Brazil.
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 with Account at a Formal Financial Institution for Brazil' metric tracks the level of participation in the formal financial system among the adult population in Brazil. It is a key measure of financial inclusion and can inform policies aimed at increasing access to banking and other financial services.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
Policymakers and economists use this indicator to assess the development of Brazil's financial sector and progress towards greater financial inclusion.
Key Facts
- Brazil's formal financial institution account ownership rate was 70% in 2017.
- Financial inclusion has increased in Brazil over the past decade.
- Expanding access to banking services is a key policy priority in Brazil.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the Brazilian population aged 15 and older who have an account at a formal financial institution, such as a bank or credit union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to basic banking services in Brazil, which is an important factor for 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 economists use this indicator to assess the progress of financial inclusion initiatives and inform policies aimed at expanding access to banking and other financial services in Brazil.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, People 15 Years and Over with Account at a Formal Financial Institution for Brazil (DDAI05BRA156NWDB), retrieved from FRED.