Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Albania
ALBFCLOFMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,767,700.00
Year-over-Year Change
-61.80%
Date Range
1/1/2010 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held at non-deposit taking microfinance institutions (MFIs) in Albania. It provides insights into the use of financial services and the role of the microfinance sector in the country's financial system.
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 at Non-deposit Taking Microfinance Institutions (MFIs) for Albania metric tracks the total value of deposits held by individuals and businesses at MFIs that do not have deposit-taking licenses. This indicator offers a window into the level of financial inclusion and the demand for microfinance services in the Albanian economy.
Methodology
The data is collected and reported by the Bank of Albania, the country's central banking authority.
Historical Context
This trend is used by policymakers and financial analysts to assess the development of Albania's microfinance sector and its contribution to financial inclusion.
Key Facts
- Albania has a growing microfinance sector.
- Deposits at non-deposit taking MFIs totaled over $150 million in 2021.
- Microfinance plays a key role in expanding financial access in rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at non-deposit taking microfinance institutions (MFIs) in Albania. It provides insight into the use of financial services and the role of the microfinance sector in the country's financial system.
Q: Why is this trend relevant for users or analysts?
A: This trend offers important insights into the development of Albania's microfinance sector and its contribution to financial inclusion, which is a key policy priority for the country's economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Albania, the country's central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to assess the state of financial inclusion and the role of the microfinance sector in Albania's broader financial system.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the end of the reporting period. There may be minor revisions to historical data as well.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Albania (ALBFCLOFMFXDC), retrieved from FRED.