People 15 Years and Over Saving at a Financial Institution in the Past Year for Iraq
DDAI06IQA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.82
Year-over-Year Change
-66.52%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in Iraq who have saved money at a financial institution in the past year. Understanding savings behavior is crucial for policymakers to promote financial inclusion and economic development.
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 provides insight into the savings patterns of the Iraqi adult population. This data is used by economists and policymakers to assess the overall level of financial inclusion and household financial health in the country.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is relevant for analyzing the financial stability and development of the Iraqi economy.
Key Facts
- Iraq's adult savings rate at financial institutions was 10.2% in 2017.
- Savings rates are higher in urban areas compared to rural areas of Iraq.
- Women in Iraq have lower rates of formal savings than men.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Iraqi population aged 15 and older who have saved money at a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the level of financial inclusion and household financial health in Iraq, which informs economic policymaking and development strategies.
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 data to assess financial inclusion and develop strategies to promote savings and economic stability in Iraq.
Q: Are there update delays or limitations?
A: The data is published periodically by the World Bank, with potential delays in the release of new survey results.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Iraq (DDAI06IQA156NWDB), retrieved from FRED.