Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Comoros
COMFCAODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310.45
Year-over-Year Change
233.70%
Date Range
1/1/2010 - 1/1/2014
Summary
This indicator tracks the number of deposit/customer accounts with all microfinance institutions (MFIs) per 1,000 adults in Comoros. It provides insights into the level of financial inclusion and access to formal 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 deposit/customer accounts with MFIs per 1,000 adults metric is a key indicator of financial inclusion and outreach. It measures the breadth of access to microfinance services, which are crucial for supporting economic development and poverty alleviation in emerging markets.
Methodology
The data is collected and reported by the World Bank's Global Findex database, which surveys nationally representative samples of adults.
Historical Context
Policymakers and development institutions use this indicator to evaluate progress in expanding access to financial services and promote financial inclusion.
Key Facts
- Comoros had 17.24 deposit/customer accounts with MFIs per 1,000 adults in 2017.
- Financial inclusion is a key priority for economic growth in Comoros.
- Microfinance plays a vital role in expanding access to credit and savings in Comoros.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of deposit/customer accounts with all microfinance institutions (MFIs) per 1,000 adults in Comoros. It provides insights into the level of financial inclusion and access to formal financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The deposit/customer accounts with MFIs per 1,000 adults metric is a key indicator of financial inclusion and outreach. It measures the breadth of access to microfinance services, which are crucial for supporting economic development and poverty alleviation in emerging markets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's Global Findex database, which surveys nationally representative samples of adults.
Q: How is this trend used in economic policy?
A: Policymakers and development institutions use this indicator to evaluate progress in expanding access to financial services and promote financial inclusion in Comoros.
Q: Are there update delays or limitations?
A: The Global Findex database is updated every 3 years, so there may be a delay in the availability of the most recent data for this indicator.
Related Trends
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Net Reserves by Months of Imported Goods and Services for Comoros
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Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Comoros
COMFCDODCANUM
Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Comoros
COMFCLODXDC
Number of Identified Exporters to Comoros from Washington
WACOMA475SCEN
Use of Financial Services: Number of Loan Accounts at Deposit Taking Microfinance Institutions (MFIs) for Comoros
COMFCNODMFNUM
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Comoros (COMFCAODMFANUM), retrieved from FRED.