People 15 Years and Over Saving at a Financial Institution in the Past Year for Czech Republic
DDAI06CZA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.77
Year-over-Year Change
68.47%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and over in the Czech Republic who reported saving at a financial institution in the past year. It provides insights into the savings behavior and financial inclusion of the Czech population.
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 Saving at a Financial Institution in the Past Year' metric is an indicator of financial access and household savings in the Czech Republic. It reflects the degree to which the adult population utilizes formal banking and savings services, which is an important factor in economic development and financial stability.
Methodology
The data is collected through household surveys conducted by the World Bank as part of its Global Findex database.
Historical Context
This trend is useful for policymakers and economists analyzing financial inclusion and the state of personal savings in the Czech economy.
Key Facts
- The latest data shows the savings rate at a financial institution in the Czech Republic was 78.1% in 2021.
- Savings rates have increased steadily in the Czech Republic over the past decade.
- Financial inclusion is a key policy focus for the Czech government and central bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and over in the Czech Republic who reported saving at a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial inclusion and savings behavior of the Czech population, which is an important factor in 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 as part of its Global Findex database.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze financial inclusion and the state of personal savings in the Czech economy.
Q: Are there update delays or limitations?
A: The data is published on a periodic basis by the World Bank, with the latest figures available for 2021.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Czech Republic (DDAI06CZA156NWDB), retrieved from FRED.