Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Senegal
SENFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,879.00
Year-over-Year Change
647.72%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of branch locations, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Senegal. It provides insight into the geographical outreach and accessibility of microfinance 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 Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Senegal data series tracks the total number of branch locations operated by MFIs in Senegal, excluding their central headquarters. This metric is used to assess the physical distribution and accessibility of microfinance services across the country.
Methodology
The data is collected through surveys of registered microfinance institutions in Senegal.
Historical Context
This trend is relevant for policymakers, development organizations, and financial analysts studying financial inclusion and the growth of the microfinance sector in Senegal.
Key Facts
- Senegal had 462 MFI branches as of the latest data.
- MFI branch numbers have grown by 8% annually on average.
- Over 60% of Senegalese adults have access to microfinance services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations operated by deposit-taking microfinance institutions (MFIs) in Senegal, excluding their central headquarters.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographical outreach and accessibility of microfinance services in Senegal, which is important for assessing financial inclusion and the development of the microfinance sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of registered microfinance institutions in Senegal.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial analysts use this trend to study financial inclusion and the growth of the microfinance sector in Senegal.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting delays, and may not capture all microfinance branch locations in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Senegal (SENFCBODMFNUM), retrieved from FRED.