Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Belize
BLZFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2011 - 1/1/2024
Summary
This economic trend tracks the number of institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), that provide financial services in Belize. It serves as an indicator of the geographical reach and accessibility of the country's financial sector.
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 Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Belize metric provides insights into the expansion and diversification of Belize's financial infrastructure. It is used by policymakers, regulators, and analysts to assess financial inclusion and the growth of the country's banking and microfinance network.
Methodology
This data is collected and reported by the Central Bank of Belize.
Historical Context
Trends in the number of financial institutions operating in Belize are closely monitored for their implications on economic development and financial access.
Key Facts
- Belize had 36 financial institutions as of the latest data.
- The number of deposit-taking MFIs in Belize has grown by 50% over the past decade.
- Financial outreach remains a key priority for policymakers in Belize.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), operating in Belize.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of Belize's financial sector, which is crucial for assessing financial inclusion and the growth of the country's banking and microfinance network.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Belize.
Q: How is this trend used in economic policy?
A: Trends in the number of financial institutions operating in Belize are closely monitored by policymakers, regulators, and analysts for their implications on economic development and financial access.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Belize, but there may be some delays in reporting due to the nature of data collection.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Belize (BLZFCIODMFNUM), retrieved from FRED.