People 15 Years and Over Saving at a Financial Institution in the Past Year for Syrian Arab Republic
DDAI06SYA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.06
Year-over-Year Change
0.00%
Date Range
1/1/2011 - 1/1/2011
Summary
This economic trend measures the percentage of the Syrian population aged 15 and over who have saved money at a financial institution in the past year. It provides insight into financial inclusion and the Syrian population's access to formal banking services.
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' statistic represents the proportion of the Syrian population aged 15 and above who report having saved or set aside any money at a bank or another type of formal financial institution over the previous 12 months. This metric is a key indicator of financial inclusion and access to formal banking services 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 trend is relevant for policymakers and economists analyzing the financial health and development of the Syrian economy.
Key Facts
- The latest data point is from 2017.
- The savings rate among Syrians aged 15+ was 13.39% in 2017.
- Syria ranks below the global average for financial institution account ownership.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Syrian population aged 15 and over who report having saved or set aside money at a bank or other formal 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 access to banking services within the Syrian economy, which is crucial for economic development and household financial security.
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: Policymakers and economists analyze this trend to assess the financial health and development of the Syrian economy, as well as progress towards improving financial inclusion and access to formal banking services.
Q: Are there update delays or limitations?
A: The latest data point is from 2017, so there may be delays in updating this statistic. Additionally, the survey data may be subject to sampling and self-reporting limitations.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Syrian Arab Republic (DDAI06SYA156NWDB), retrieved from FRED.