People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Islamic Republic of Iran
DDAI07IRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.10
Year-over-Year Change
-18.12%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in Iran who have borrowed from a financial institution in the past year. It provides insights into financial inclusion and access to credit within the Iranian economy.
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 for Islamic Republic of Iran' indicator tracks the rate of formal borrowing activity among the adult population in Iran. It is a key metric for evaluating financial development and the efficacy of policies aimed at increasing credit access.
Methodology
The data is collected through household surveys conducted by the World Bank.
Historical Context
This trend is used by economists and policymakers to assess Iran's financial sector development and progress toward financial inclusion objectives.
Key Facts
- The latest available data point is from 2017.
- Iran's borrowing rate from financial institutions was 9.58% in 2017.
- This represents a decline from the previous high of 11.76% in 2014.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in Iran who have borrowed from a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to credit within the Iranian economy, which are key indicators of economic development.
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: Economists and policymakers use this trend to assess Iran's financial sector development and progress toward financial inclusion objectives.
Q: Are there update delays or limitations?
A: The latest available data point is from 2017, so there may be a delay in updating this trend.
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Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Islamic Republic of Iran (DDAI07IRA156NWDB), retrieved from FRED.