People 15 Years and Over Saving at a Financial Institution in the Past Year for Islamic Republic of Iran
DDAI06IRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.82
Year-over-Year Change
20.85%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and over in Iran who have saved at a financial institution in the past year. Understanding financial inclusion and savings behavior is crucial for policymakers assessing economic development and financial stability.
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 Islamic Republic of Iran' metric provides insight into the level of financial inclusion and savings activity among the adult population in Iran. This data point is used by economists and institutions to evaluate access to formal banking and financial services.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
Trends in financial inclusion and savings are monitored by central banks, finance ministries, and international organizations to inform economic and financial policies.
Key Facts
- Iran's financial inclusion rate was 42.7% in 2017.
- Savings at financial institutions have increased in Iran over the past decade.
- Women in Iran have lower rates of formal savings compared to men.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of people aged 15 and over in Iran who report having saved money at a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: Financial inclusion and household savings are key indicators of economic development and financial stability, which are crucial for policymakers and analysts assessing Iran's economy.
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: Trends in financial inclusion and savings are monitored by central banks, finance ministries, and international organizations to inform economic and financial policies.
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 Islamic Republic of Iran (DDAI06IRA156NWDB), retrieved from FRED.