Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Lao People's Democratic Republic
LAOFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.00
Year-over-Year Change
693.33%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the number of non-deposit taking microfinance institutions (MFIs) in Lao PDR, providing insight into the reach 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 number of MFIs is an important indicator of financial inclusion and access to credit for underserved populations. It reflects the geographical outreach and growth of the microfinance sector in Lao PDR.
Methodology
The data is collected through surveys and reporting from the central bank and microfinance industry associations.
Historical Context
Policymakers use this metric to monitor financial sector development and financial inclusion initiatives.
Key Facts
- Lao PDR has seen steady growth in non-deposit taking MFIs since 2010.
- MFIs provide crucial access to credit for unbanked rural populations.
- Financial inclusion is a key development priority for the Lao government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of non-deposit taking microfinance institutions (MFIs) operating in Lao PDR, providing insight into the geographical reach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of MFIs is an important indicator of financial inclusion and access to credit for underserved populations in Lao PDR. It reflects the growth and development of the microfinance sector, which is crucial for expanding financial services to rural and low-income areas.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from the central bank and microfinance industry associations in Lao PDR.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor financial sector development and progress on financial inclusion initiatives in Lao PDR.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and the coverage and definitions of MFIs may vary over time.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Lao People's Democratic Republic (LAOFCIOFMFNNUM), retrieved from FRED.