People 15 Years and Over Saving at a Financial Institution in the Past Year for France
DDAI06FRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.70
Year-over-Year Change
8.45%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in France who reported saving at a financial institution in the past year. It provides insight into household saving behavior and financial inclusion.
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 for France' metric tracks the share of the adult population in France that utilizes formal banking channels to save money. This data point is valuable for understanding financial access and the overall savings culture within the country.
Methodology
The data is collected through household surveys by the World Bank.
Historical Context
This trend is used by economists and policymakers to analyze financial inclusion and monitor progress towards increasing access to formal banking services.
Key Facts
- France's adult saving rate at financial institutions was 56.4% in 2017.
- Saving at formal institutions has increased in France over the past decade.
- Financial inclusion is a key development goal for many countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in France who reported saving money at 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 the savings behavior of the French population, which is valuable information for economists, policymakers, and financial sector analysts.
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: This trend is used by economists and policymakers to analyze financial access and monitor progress towards increasing the use of formal banking services.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not be available for the most recent years.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for France (DDAI06FRA156NWDB), retrieved from FRED.