People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Croatia
DDAI07HRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.03
Year-over-Year Change
128.79%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in Croatia who borrowed from a financial institution in the past year. It provides insights into the country's financial inclusion and access to credit.
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' trend represents the share of the adult population in Croatia that has utilized formal financial services. This metric is a key indicator of financial inclusion and is used by economists and policymakers to assess the health of the country's financial system.
Methodology
The data is collected through nationally representative household surveys.
Historical Context
This trend is relevant for understanding Croatia's financial development and assessing its progress towards increasing access to credit and banking services.
Key Facts
- Croatia's borrowing rate was 51.7% in 2017.
- Financial inclusion is a key policy priority for the Croatian government.
- Improving access to credit is linked to economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in Croatia who borrowed from a financial institution in the past year. It is an indicator of financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health of Croatia's financial system and the level of access to formal financial services for the adult population. It is important for economists and policymakers in assessing financial development and progress towards financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Croatia's progress in increasing access to credit and banking services, which is a key policy priority for promoting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the frequency of updates may vary. Users should consult the source for the most up-to-date information and any potential limitations.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Croatia (DDAI07HRA156NWDB), retrieved from FRED.