Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Fiji
FJIFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-35.71%
Date Range
1/1/2014 - 1/1/2022
Summary
This economic trend measures the number of non-deposit taking microfinance institutions (MFIs) in Fiji, providing insight into the geographical outreach 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 number of non-deposit taking MFIs in Fiji is an important indicator of financial inclusion and access to formal financial services, particularly for underserved populations. This data is used by policymakers and analysts to evaluate the breadth of financial intermediation in the country.
Methodology
The data is collected through surveys of financial institutions in Fiji.
Historical Context
Trends in the number of non-deposit taking MFIs are monitored by central banks and international organizations to assess progress in expanding financial access.
Key Facts
- Fiji has over 100 non-deposit taking MFIs.
- MFIs serve as a crucial source of credit for underbanked populations.
- The number of MFIs has grown steadily in Fiji in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of non-deposit taking microfinance institutions (MFIs) operating in Fiji, providing insight into the geographic outreach of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: The number of non-deposit taking MFIs is an important indicator of financial inclusion and access to formal financial services, particularly for underserved populations in Fiji. This data is used by policymakers and analysts to evaluate the breadth of financial intermediation in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions in Fiji.
Q: How is this trend used in economic policy?
A: Trends in the number of non-deposit taking MFIs are monitored by central banks and international organizations to assess progress in expanding financial access and inclusion in Fiji.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions based on the survey collection process.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Fiji (FJIFCIOFMFNNUM), retrieved from FRED.