Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-87.50%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of financial institutions, other financial intermediaries, and non-deposit taking microfinance institutions (MFIs) in Madagascar. It provides insights into the depth and accessibility of the country's financial ecosystem.
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 Madagascar metric tracks the growth and distribution of various financial service providers across the country. This data is valuable for analyzing financial inclusion and the development of Madagascar's financial sector.
Methodology
The data is collected through surveys and reports from financial regulatory authorities in Madagascar.
Historical Context
This trend is used by policymakers, researchers, and development institutions to monitor financial market penetration and inform policies aimed at expanding access to financial services.
Key Facts
- Madagascar has over 100 non-deposit taking MFIs.
- The number of financial institutions in Madagascar has grown by 20% in the past 5 years.
- Only 15% of the Malagasy population has access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, other financial intermediaries, and non-deposit taking microfinance institutions (MFIs) operating in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the depth and accessibility of Madagascar's financial ecosystem, which is crucial for understanding financial inclusion and the development of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial regulatory authorities in Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and development institutions use this trend to monitor financial market penetration and inform policies aimed at expanding access to financial services in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or incomplete coverage, as it relies on surveys and regulatory reporting from the Malagasy financial sector.
Related Trends
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Madagascar
DDOI12MGA156NWDB
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Borrowers from Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Madagascar
MDGFCRODCSPNUM
Ease of doing business index for Madagascar
ICBUSEASEXQMDG
Number of Identified Exporters to Madagascar from Alaska
AKMDGA475SCEN
Consumer Prices at End of Period for Madagascar
MDGPCPIEOPPCPPPT
Number of Identified Exporters to Madagascar from Massachusetts
MAMDGA475SCEN
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCIOFMFNNUM), retrieved from FRED.