Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Brazil
BRAFCLODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
747.18%
Date Range
1/1/2006 - 1/1/2014
Summary
This economic trend measures the total deposits held by microfinance institutions (MFIs) in Brazil as a percentage of the country's GDP. It provides insight into the scale and growth of the microfinance sector, which plays a crucial role in financial inclusion and access to credit.
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 outstanding deposits from MFIs in Brazil is an important indicator of the size and reach of the microfinance industry in the country. It reflects the level of savings mobilization and financial intermediation carried out by these institutions, which serve as a vital source of credit and banking services for underserved populations.
Methodology
The data is collected and reported by the Central Bank of Brazil.
Historical Context
Policymakers and regulators use this metric to assess the development and financial health of the microfinance sector in Brazil.
Key Facts
- Deposits held by MFIs in Brazil equal 1.75% of the country's GDP.
- The microfinance sector in Brazil has grown rapidly over the past decade.
- Microfinance plays a crucial role in providing access to financial services for low-income populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by microfinance institutions (MFIs) in Brazil as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and development of the microfinance sector in Brazil, which is a key driver of financial inclusion and access to credit for underserved populations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Brazil.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this indicator to assess the growth and financial health of the microfinance industry, which is crucial for promoting financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Brazil, but there may be occasional delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Brazil (BRAFCLODMFGGDPPT), retrieved from FRED.