Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Guinea-Bissau
GNBFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,000,000.00
Year-over-Year Change
-66.67%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Guinea-Bissau. It provides insight into the usage 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 outstanding loans at deposit-taking MFIs in Guinea-Bissau indicate the level of credit and financing available to individuals and small businesses through the microfinance sector. This data point is used by economists and policymakers to assess financial inclusion and the development of the country's financial infrastructure.
Methodology
The data is collected by the Central Bank of Guinea-Bissau through surveys of licensed deposit-taking MFIs.
Historical Context
This trend is relevant for understanding the role of microfinance in supporting economic activity and financial access in Guinea-Bissau.
Key Facts
- Guinea-Bissau has a population of over 1.9 million people.
- Microfinance institutions play a vital role in providing financial services to the unbanked.
- Outstanding loans at deposit-taking MFIs in Guinea-Bissau totaled $XX.XX million as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Guinea-Bissau, providing insight into the usage and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of microfinance in supporting economic activity and financial inclusion in Guinea-Bissau.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Guinea-Bissau through surveys of licensed deposit-taking MFIs.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the development of the country's financial infrastructure and the accessibility of credit and financing through the microfinance sector.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential delays in reporting by the Central Bank of Guinea-Bissau.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Guinea-Bissau (GNBFCSODMFXDC), retrieved from FRED.