Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Cote d'Ivoire
CIVFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
-44.05%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of institutions, other depository corporations, and deposit-taking microfinance institutions (MFIs) in Cote d'Ivoire. It provides insights into the geographic reach and accessibility of financial services in the country.
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 Cote d'Ivoire metric tracks the network of financial institutions that offer deposit-taking services. This data is useful for analyzing financial inclusion and the evolving landscape of the banking and microfinance sectors.
Methodology
The data is collected and reported by the Central Bank of Cote d'Ivoire.
Historical Context
Policymakers and analysts use this metric to evaluate financial access and the expansion of banking services across Cote d'Ivoire.
Key Facts
- Cote d'Ivoire had 1,299 deposit-taking institutions as of 2021.
- The number of institutions has grown by 6.7% annually since 2010.
- Expanding financial access is a key policy goal for the Ivorian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of institutions, including banks, other depository corporations, and deposit-taking microfinance institutions (MFIs), that provide financial services across Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to banking and microfinance services in Cote d'Ivoire. It provides insights into the evolving landscape of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess progress towards financial inclusion goals and monitor the expansion of banking and microfinance services across Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all deposit-taking institutions, especially in remote or informal areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Cote d'Ivoire (CIVFCIODMFNUM), retrieved from FRED.