Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Albania
ALBFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
250.00%
Date Range
1/1/2009 - 1/1/2024
Summary
This economic trend tracks the number of non-deposit taking microfinance institutions (MFIs) in Albania, providing insights into the geographical outreach and accessibility of 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 'Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Albania' metric measures the count of MFIs that operate without taking deposits in the Albanian market. This data is used to analyze the expansion and penetration of microfinance services across the country.
Methodology
The data is collected through surveys and registrations of non-deposit taking MFIs operating in Albania.
Historical Context
Policymakers and financial sector analysts use this metric to assess the development and inclusiveness of Albania's microfinance landscape.
Key Facts
- Albania had 51 non-deposit taking MFIs as of the latest data.
- Microfinance institutions serve over 200,000 clients in Albania.
- The number of non-deposit taking MFIs has grown by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of non-deposit taking microfinance institutions (MFIs) operating in Albania, providing insights into the geographical outreach and accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers and financial sector analysts to assess the development and inclusiveness of Albania's microfinance landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys and registrations of non-deposit taking MFIs operating in Albania.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this metric to evaluate the expansion and penetration of microfinance services across Albania.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the coverage may not include all non-deposit taking MFIs in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Albania (ALBFCIOFMFNNUM), retrieved from FRED.