Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Malawi
MWIFCAODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.59
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic trend measures the number of deposit/customer accounts with all microfinance institutions (MFIs) per 1,000 adults in Malawi. It provides insight into the reach and use of formal financial services within the Malawian population.
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 deposit/customer accounts with MFIs per 1,000 adults metric offers a quantitative assessment of financial inclusion in Malawi. It serves as an important indicator for policymakers and development organizations seeking to expand access to banking, credit, and other financial products among the adult population.
Methodology
The data is collected and reported by the World Bank based on submissions from Malawian authorities and microfinance institutions.
Historical Context
This indicator informs financial sector development strategies and policies aimed at improving economic opportunities for unbanked segments of the Malawian population.
Key Facts
- Malawi had 84 deposit/customer accounts with MFIs per 1,000 adults in 2017.
- Financial inclusion remains a key development priority in Malawi.
- Microfinance institutions play a vital role in expanding access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit/customer accounts with all microfinance institutions (MFIs) per 1,000 adults in Malawi. It provides insight into the reach and use of formal financial services within the Malawian population.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for policymakers, development organizations, and analysts seeking to understand financial inclusion and the role of microfinance in Malawi's economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on submissions from Malawian authorities and microfinance institutions.
Q: How is this trend used in economic policy?
A: This indicator informs financial sector development strategies and policies aimed at improving economic opportunities for unbanked segments of the Malawian population.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays and limitations in capturing all microfinance activities in Malawi.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Malawi (MWIFCAODMFANUM), retrieved from FRED.