Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Liberia
LBRFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
31.25%
Date Range
1/1/2015 - 1/1/2023
Summary
This economic trend measures the number of non-deposit taking microfinance institutions (MFIs) in Liberia, providing insight into the geographical outreach and access to 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 Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Liberia metric tracks the total count of MFIs that do not accept deposits in Liberia. This data is used by economists and policymakers to assess financial inclusion and the growth of the microfinance sector.
Methodology
The data is collected directly from microfinance institutions in Liberia.
Historical Context
This trend is relevant for understanding access to financial services and the development of the microfinance industry in Liberia.
Key Facts
- Liberia has over 50 non-deposit taking MFIs.
- The number of MFIs in Liberia has grown by 25% in the last 5 years.
- Microfinance is a key driver of financial inclusion in Liberia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-deposit taking microfinance institutions (MFIs) operating in Liberia, providing insight into the geographical outreach and access to financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development and growth of the microfinance sector in Liberia, which is a key driver of financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected directly from microfinance institutions operating in Liberia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial inclusion and the growth of the microfinance industry, which informs policies aimed at expanding access to financial services in Liberia.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with a 1-2 month delay. The accuracy of the data depends on the reporting by individual microfinance institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Liberia (LBRFCIOFMFNNUM), retrieved from FRED.