People 15 Years and Over Saving at a Financial Institution in the Past Year for Tunisia
DDAI06TNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.78
Year-over-Year Change
33.58%
Date Range
1/1/2014 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and over in Tunisia who reported saving money at a financial institution within the past year. It provides insight into the savings behavior and financial inclusion of the Tunisian 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' metric is a key indicator of financial access and usage in Tunisia. It reflects the extent to which the adult population is integrated into the formal banking system and able to build savings.
Methodology
This data is collected through household surveys conducted by the World Bank as part of its Global Findex database.
Historical Context
Policymakers and economists use this trend to monitor financial inclusion and assess the effectiveness of initiatives to promote savings and banking services in Tunisia.
Key Facts
- Tunisia's savings rate at financial institutions was 27% in 2017.
- The savings rate has increased by 5 percentage points since 2014.
- Improving financial inclusion is a key development priority for Tunisia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Tunisian population aged 15 and over who reported saving money at a formal financial institution within the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the level of financial inclusion and access to banking services in Tunisia, which is an important factor for economic development and stability.
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 use this trend to monitor financial inclusion in Tunisia and assess the effectiveness of initiatives to promote savings and expand access to banking services.
Q: Are there update delays or limitations?
A: The data is updated every 3 years as part of the World Bank's Global Findex survey cycle, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Tunisia (DDAI06TNA156NWDB), retrieved from FRED.