People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Bosnia and Herzegovina
DDAI07BAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.30
Year-over-Year Change
63.46%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic indicator measures the percentage of people aged 15 and over in Bosnia and Herzegovina who borrowed from a financial institution in the past year. It provides insights into household access to credit and financial inclusion.
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 Borrowing from a Financial Institution in the Past Year' statistic represents the share of the adult population in Bosnia and Herzegovina that utilized formal borrowing channels. This data point is used by economists and policymakers to assess financial system development and financial inclusion levels.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This indicator is relevant for understanding the functioning of Bosnia and Herzegovina's credit markets and financial sector development.
Key Facts
- The latest value is 42.78% (2017).
- Bosnia and Herzegovina's borrowing rate is below the global average of 47.6%.
- Financial inclusion has been a policy priority in Bosnia and Herzegovina.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of people aged 15 and over in Bosnia and Herzegovina who borrowed from a financial institution in the past year, providing insights into household access to credit and financial inclusion.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to assess the development and functioning of Bosnia and Herzegovina's financial system and credit markets.
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: This indicator is relevant for understanding financial sector development and informing policies aimed at improving financial inclusion in Bosnia and Herzegovina.
Q: Are there update delays or limitations?
A: The data is published by the World Bank with some 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 Borrowing from a Financial Institution in the Past Year for Bosnia and Herzegovina (DDAI07BAA156NWDB), retrieved from FRED.