People 15 Years and Over Saving at a Financial Institution in the Past Year for Lesotho
DDAI06LSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
11.46%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the percentage of people aged 15 and over in Lesotho who reported saving at a financial institution in the past year. It provides insights into the savings behavior and financial inclusion of the 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 for Lesotho' metric is an indicator of financial access and usage in Lesotho. It tracks the share of the adult population that has utilized formal banking or other financial services to save money over the previous 12 months.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
Policymakers and financial institutions use this indicator to monitor financial inclusion and develop targeted strategies to increase access to savings accounts and other formal financial services.
Key Facts
- Lesotho's savings rate at financial institutions was 18.7% in 2017.
- The trend has increased from 14.7% in 2011 to 18.7% in 2017.
- Lesotho lags behind the regional average for Sub-Saharan Africa in this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and over in Lesotho who reported saving at a financial institution 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 adult population in Lesotho, which is useful for policymakers and financial institutions to develop strategies to increase access to formal financial services.
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 financial institutions use this indicator to monitor financial inclusion and develop targeted strategies to increase access to savings accounts and other formal financial services.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not capture the most recent changes in savings behavior.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Lesotho (DDAI06LSA156NWDB), retrieved from FRED.