People 15 Years and Over Saving at a Financial Institution in the Past Year for Estonia
DDAI06EEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.78
Year-over-Year Change
113.97%
Date Range
1/1/2011 - 1/1/2021
Summary
This trend measures the percentage of people aged 15 and over in Estonia who reported saving at a financial institution in the past year. It provides insights into the savings behavior and financial inclusion of the Estonian 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' indicator tracks the portion of adults in Estonia who have actively saved money through formal financial channels like banks or credit unions. This metric is useful for analyzing financial access and the overall savings culture within the country.
Methodology
The data is collected through household surveys conducted by the World Bank as part of its Global Findex database.
Historical Context
This indicator is relevant for policymakers and analysts studying financial development, household finance, and economic inclusion in Estonia.
Key Facts
- Estonia's saving rate at financial institutions was 53.4% in 2017.
- Saving levels increased from 44.5% in 2011 to 53.4% in 2017.
- Estonia has higher formal savings compared to the global average of 43.9%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and over in Estonia who reported saving money at a financial institution, such as a bank or credit union, in the past year.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the financial inclusion and savings behavior of the Estonian population, which is useful for policymakers and analysts studying household finance and economic development.
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 indicator is relevant for policymakers and analysts studying financial development, household finance, and economic inclusion in Estonia.
Q: Are there update delays or limitations?
A: The data is updated every three years as part of the World Bank's Global Findex survey, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Estonia (DDAI06EEA156NWDB), retrieved from FRED.