Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Ecuador
ECUFCBODMFKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.08
Year-over-Year Change
-8.22%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic indicator measures the geographical outreach of microfinance institutions (MFIs) in Ecuador, expressed as the number of MFI branches per 1,000 square kilometers. It provides insights into the accessibility and coverage of financial services across 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: Key Indicators, All MFI Branches Per 1000 Km2 for Ecuador metric tracks the density of microfinance branch locations relative to the total land area. This data point is used by policymakers and financial institutions to assess the reach and penetration of inclusive banking services in rural and underserved regions.
Methodology
The data is collected by the Central Bank of Ecuador through surveys of registered microfinance institutions.
Historical Context
This indicator is relevant for evaluating financial inclusion policies and informing strategies to expand access to credit and savings in Ecuador.
Key Facts
- Ecuador has over 700 microfinance branches nationwide.
- The average branch density is 0.7 per 1,000 sq km.
- Rural areas have lower branch coverage than urban centers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the geographical outreach of microfinance institutions (MFIs) in Ecuador, measuring the number of MFI branches per 1,000 square kilometers of land area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the accessibility and coverage of financial services across Ecuador, which is important for evaluating financial inclusion and guiding policies to expand access to credit and savings, especially in rural regions.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Ecuador through surveys of registered microfinance institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this indicator to assess the reach and penetration of inclusive banking services, informing strategies to promote greater financial access and inclusion, particularly in underserved areas.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the indicator only reflects the branch network of registered microfinance providers, which may not capture the full extent of informal financial services.
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Inflation, consumer prices for Ecuador
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Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Ecuador
ECUFCBODMFNUM
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Ecuador (ECUFCBODMFKNUM), retrieved from FRED.