Geographical Outreach: Number of Institutions, Other Financial Corporations for Maldives
MDVFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
75.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend tracks the number of other financial corporations, such as investment firms and insurance companies, operating in Maldives. It provides insight into the breadth of the country's financial ecosystem.
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 Geographical Outreach: Number of Institutions, Other Financial Corporations for Maldives metric measures the count of non-bank financial institutions active in the country. This data point is used by economists and policymakers to assess the diversity and maturity of Maldives' financial sector.
Methodology
The data is collected through surveys and regulatory filings by the Maldives Monetary Authority.
Historical Context
This trend is relevant for analyzing the depth of Maldives' financial markets and the potential for further development.
Key Facts
- Maldives had 52 other financial corporations in 2021.
- The number of institutions has grown by 30% over the past 5 years.
- Insurance firms make up the largest share of the non-bank financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of non-bank financial institutions, such as investment firms and insurance companies, operating in Maldives.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the breadth and maturity of Maldives' financial ecosystem, which is important for assessing the country's economic development and growth potential.
Q: How is this data collected or calculated?
A: The data is collected through surveys and regulatory filings by the Maldives Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the depth of Maldives' financial markets and identify opportunities for further development of the non-bank financial sector.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately 6 months.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Maldives (MDVFCIOFNUM), retrieved from FRED.