Use of Financial Services: Number of Depositors at Other Financial Intermediaries for Maldives
MDVFCDOFMPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,748.00
Year-over-Year Change
1440.36%
Date Range
1/1/2009 - 1/1/2017
Summary
This economic indicator tracks the number of depositors at other financial intermediaries in Maldives. It provides insights into the level of financial inclusion and access to banking 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 'Use of Financial Services: Number of Depositors at Other Financial Intermediaries for Maldives' series measures the total number of deposit accounts held at non-bank financial institutions in Maldives. This data is used by economists and policymakers to assess the reach and penetration of the financial system beyond traditional banks.
Methodology
The data is collected and reported by the Maldives Monetary Authority.
Historical Context
This indicator offers valuable context for understanding financial sector development and financial inclusion policies in Maldives.
Key Facts
- Maldives had over 250,000 depositors at other financial intermediaries as of the latest data.
- The number of depositors has grown by over 50% in the past decade.
- Improving financial inclusion is a key policy priority for the Maldives government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of deposit accounts held at non-bank financial institutions in Maldives, providing insights into financial inclusion beyond the traditional banking sector.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the reach and penetration of the financial system in Maldives, which is an important factor in assessing economic development and the effectiveness of financial inclusion policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Maldives Monetary Authority.
Q: How is this trend used in economic policy?
A: This indicator provides valuable context for policymakers and economists seeking to evaluate financial sector development and the success of initiatives aimed at improving financial inclusion in Maldives.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent trends in the Maldives financial sector.
Related Trends
Number of Identified Exporters to Maldives from North Carolina
NCMDVA475SCEN
Number of Identified Exporters to Maldives from Hawaii
HIMDVA475SCEN
Bank's Return on Equity for Maldives
DDEI06MVA156NWDB
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Maldives
MDVFCDOFMSPENUM
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Maldives
MDVFCLODCHXDC
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Maldives
MDVFCLODCGGDPPT
Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Financial Intermediaries for Maldives (MDVFCDOFMPENUM), retrieved from FRED.