People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Kyrgyzstan
DDAI07KGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.73
Year-over-Year Change
56.92%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend tracks the percentage of people aged 15 and older in Kyrgyzstan who reported borrowing from a financial institution in the past year. It provides insights into financial inclusion and access to formal credit in the country.
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 metric is an indicator of financial access and usage in Kyrgyzstan. It represents the share of the adult population that has utilized formal banking or lending services over a 12-month period, which is a key measure of financial inclusion and development.
Methodology
This data is collected through household surveys conducted by the World Bank.
Historical Context
Policymakers and analysts use this metric to assess progress in expanding financial services and credit access for Kyrgyzstan's population.
Key Facts
- Kyrgyzstan's borrowing rate was 24.63% in 2017.
- Borrowing from financial institutions has increased over the past decade.
- Access to formal credit remains limited compared to regional peers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of adults aged 15 and older in Kyrgyzstan who reported borrowing from a bank, credit union, microfinance institution, or other formal financial service provider in the past 12 months.
Q: Why is this trend relevant for users or analysts?
A: Financial inclusion and access to credit are key drivers of economic development. This indicator provides insights into the degree to which Kyrgyzstan's population is integrated into the formal financial system.
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 development institutions use this metric to monitor progress in expanding financial services and credit access, which are important for fostering economic growth and reducing inequality.
Q: Are there update delays or limitations?
A: The data is published every 3 years, with the most recent release in 2017. There may be limitations in survey coverage and self-reported borrowing activity.
Related Trends
Bank's Return on Equity for Kyrgyzstan
DDEI06KGA156NWDB
Value of Exports to Kyrgyzstan from North Carolina
NCKGZA052SCEN
Value of Exports to Kyrgyzstan from Pennsylvania
PAKGZA052SCEN
Number of Identified Exporters to Kyrgyzstan from Missouri
MOKGZA475SCEN
Total External Debt for Kyrgyz Republic
KGZDGDPGDPPT
Number of Identified Exporters to Kyrgyzstan from Delaware
DEKGZA475SCEN
Citation
U.S. Federal Reserve, People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Kyrgyzstan (DDAI07KGA156NWDB), retrieved from FRED.