Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Liberia
LBRFCNODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.26
Year-over-Year Change
11.14%
Date Range
1/1/2009 - 1/1/2012
Summary
This economic indicator tracks the number of loan accounts with microfinance institutions (MFIs) per 1,000 adults in Liberia. It provides insights into financial inclusion and access to credit 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 'Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Liberia' series measures the outreach and utilization of microfinance services in Liberia. It is a key metric for evaluating progress towards greater financial inclusion.
Methodology
The data is collected and reported by the Central Bank of Liberia.
Historical Context
This indicator is used by policymakers, development organizations, and financial analysts to assess the state of Liberia's microfinance sector and financial access.
Key Facts
- Liberia had 58.7 loan accounts per 1,000 adults in 2020.
- Microfinance has expanded rapidly in Liberia since the end of the civil war.
- Improving financial inclusion is a key priority for Liberian policymakers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of loan accounts with microfinance institutions (MFIs) per 1,000 adults in Liberia. It provides insights into financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating progress towards greater financial inclusion and the development of Liberia's microfinance sector, which is a key priority for policymakers and development organizations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Liberia.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial analysts use this indicator to assess the state of financial access and inclusion in Liberia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the Central Bank of Liberia.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Liberia (LBRFCNODMFANUM), retrieved from FRED.