Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Aruba
ABWFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of non-deposit taking microfinance institutions (MFIs) in Aruba, providing insights into the geographical outreach and accessibility of 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 Aruba indicator tracks the total number of MFIs in the country that do not accept deposits, offering alternative financial services to underserved populations.
Methodology
The data is collected by the central bank of Aruba through regulatory reporting from non-deposit taking MFIs.
Historical Context
This metric is used by policymakers and development organizations to assess financial inclusion and access to credit in Aruba.
Key Facts
- Aruba has over 20 non-deposit taking MFIs.
- MFIs provide essential financial services to unbanked residents.
- The number of MFIs has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-deposit taking microfinance institutions (MFIs) operating in Aruba, providing 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 assessing the geographical outreach and accessibility of financial services, particularly for underserved populations in Aruba.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Aruba through mandatory regulatory reporting from non-deposit taking MFIs.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to evaluate financial inclusion efforts and guide policies aimed at expanding access to credit and other financial services in Aruba.
Q: Are there update delays or limitations?
A: The data is published regularly by the central bank, but there may be some delays in reporting from individual MFIs.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Aruba (ABWFCIOFMFNNUM), retrieved from FRED.