Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Albania
ALBFCSODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
11.43%
Date Range
1/1/2010 - 1/1/2014
Summary
This indicator tracks outstanding loans from all microfinance institutions (MFIs) in Albania as a percentage of GDP. It provides insights into the scale and growth of the microfinance sector and its role in financial inclusion.
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 loans from MFIs indicator represents the total value of active loans made by microfinance providers in Albania. It offers a measure of the overall size and penetration of the microfinance industry within the country's economy.
Methodology
The data is collected and reported by the Bank of Albania, the country's central banking authority.
Historical Context
This metric is used by policymakers and financial analysts to assess the development and impact of the microfinance sector in Albania.
Key Facts
- Albania's microfinance sector has grown rapidly in recent decades.
- Microfinance plays a key role in expanding access to financial services.
- Outstanding MFI loans are equivalent to over 2% of Albania's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans from all microfinance institutions (MFIs) operating in Albania, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: The size and growth of the microfinance sector provides insights into financial inclusion and access to credit, which are important drivers of economic development.
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 metric to assess the development and impact of the microfinance industry in Albania, which is a key component of the country's financial system.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Bank of Albania, but there may be some delays in reporting or potential limitations in coverage or reporting methods.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Albania (ALBFCSODMFGGDPPT), retrieved from FRED.