Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Mozambique
MOZFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,304.00
Year-over-Year Change
1279.64%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of non-deposit taking microfinance institutions (MFIs) in Mozambique, providing insight into the geographic reach 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 Mozambique metric tracks the total number of these specialized lending institutions, which play a crucial role in financial inclusion and economic development.
Methodology
The data is collected and reported by Mozambique's central bank.
Historical Context
Policymakers and development organizations use this metric to assess financial access and identify areas for improvement.
Key Facts
- Mozambique had 258 non-deposit taking MFIs as of the latest data.
- MFIs provide crucial access to credit and financial services in underserved communities.
- The number of MFIs has grown steadily in Mozambique over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-deposit taking microfinance institutions (MFIs) operating in Mozambique, which are a key source of financial services and credit in underserved areas.
Q: Why is this trend relevant for users or analysts?
A: The number of MFIs provides insight into the geographic reach and accessibility of financial services, which is crucial for financial inclusion and economic development in Mozambique.
Q: How is this data collected or calculated?
A: The data is collected and reported by Mozambique's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to assess financial access and identify areas for improvement in Mozambique's microfinance sector.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but provides a comprehensive overview of the non-deposit taking MFI landscape in Mozambique.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Mozambique (MOZFCIOFMFNNUM), retrieved from FRED.