Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Albania
ALBFCLODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-74.88%
Date Range
1/1/2010 - 1/1/2014
Summary
This indicator tracks the outstanding deposits from all microfinance institutions (MFIs) in Albania as a percentage of the country's GDP. It provides insight into the use and growth of financial services in the Albanian economy.
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 outstanding deposits from MFIs indicator represents the total value of deposits held by microfinance institutions in Albania. This metric is used by economists and policymakers to assess the level of financial inclusion and the development of the microfinance sector in the country.
Methodology
The data is collected directly from Albania's microfinance institutions and reported as a percentage of the country's GDP.
Historical Context
This trend is relevant for understanding financial access and inclusion policies in Albania.
Key Facts
- Albania's MFI deposits were 1.3% of GDP in 2020.
- Microfinance plays a key role in increasing financial access in developing economies.
- Deposit-taking MFIs provide critical savings and credit services to underserved populations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of deposits held by microfinance institutions in Albania as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the development and use of financial services, particularly among underserved populations, which is an important factor in assessing financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected directly from Albania's microfinance institutions and reported as a percentage of the country's GDP.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to evaluate financial access and inclusion policies in Albania, as well as the overall growth and development of the microfinance sector.
Q: Are there update delays or limitations?
A: The data is reported with a lag, and may not capture the most recent changes in the microfinance sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Albania (ALBFCLODMFGGDPPT), retrieved from FRED.