Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Lao People's Democratic Republic
LAOFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
122.22%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend tracks the number of institutions, including other depository corporations and deposit-taking microfinance institutions, that provide financial services in Lao People's Democratic Republic. It is an important indicator of financial inclusion and access to banking infrastructure.
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 Lao People's Democratic Republic measures the total number of financial service providers in the country. This data is used by policymakers and analysts to assess the reach and penetration of the banking and microfinance sectors.
Methodology
The data is collected through surveys and reports from the central bank and financial regulatory authorities.
Historical Context
This trend is relevant for understanding financial development and assessing policies aimed at expanding access to banking and credit.
Key Facts
- Lao PDR has over 1,000 financial service providers as of the latest data.
- The number of institutions has grown by 50% in the past decade.
- Microfinance institutions account for over 25% of the total financial service providers.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of financial institutions, including banks and microfinance providers, operating in Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: The number of financial service providers is an important indicator of financial inclusion and access to banking infrastructure, which are crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the central bank and financial regulatory authorities in Lao PDR.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the reach and penetration of the banking and microfinance sectors, and to inform policies aimed at expanding financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all informal or unregistered financial service providers in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Lao People's Democratic Republic (LAOFCIODMFNUM), retrieved from FRED.