Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Maldives
MDVFCAOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,329.00
Year-over-Year Change
1555.86%
Date Range
1/1/2009 - 1/1/2017
Summary
This economic indicator measures the number of deposit accounts held at financial intermediaries in Maldives, excluding banks. It provides insights into the use and accessibility of non-bank financial services.
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 Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Maldives metric tracks the total number of deposit accounts held at financial institutions in Maldives other than commercial banks. This metric is useful for analyzing financial inclusion and the diversification of the financial sector.
Methodology
The data is collected through surveys and reporting from non-bank financial institutions in Maldives.
Historical Context
Policymakers and economists use this metric to assess financial sector development and financial access in Maldives.
Key Facts
- Maldives has a population of over 530,000 people.
- The financial sector in Maldives is dominated by banks.
- Improving financial inclusion is a key policy priority in Maldives.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of deposit accounts held at financial institutions in Maldives other than commercial banks, providing insights into the use of non-bank financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for analyzing financial inclusion and the diversification of the financial sector in Maldives.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from non-bank financial institutions in Maldives.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess financial sector development and financial access in Maldives.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays from non-bank financial institutions in Maldives.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for Maldives (MDVFCAOFMNUM), retrieved from FRED.