Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend tracks the number of non-deposit taking microfinance institutions (MFIs) in Benin, providing insights into the geographical outreach and availability 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 Benin indicator measures the total number of non-deposit taking MFIs operating in the country. This data is used by policymakers and analysts to assess the accessibility and expansion of financial inclusion initiatives.
Methodology
The data is collected through surveys and reports from financial regulatory authorities in Benin.
Historical Context
This trend is relevant for evaluating the development of Benin's microfinance sector and its role in promoting financial inclusion and economic growth.
Key Facts
- Benin had 251 non-deposit taking MFIs as of the latest data.
- The number of MFIs has grown by 10% over the past 5 years.
- Microfinance is a key strategy for expanding financial access in Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of non-deposit taking microfinance institutions (MFIs) operating in Benin, providing insights into the geographical outreach and availability of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the development of Benin's microfinance sector and its role in promoting financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial regulatory authorities in Benin.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the accessibility and expansion of financial inclusion initiatives in Benin.
Q: Are there update delays or limitations?
A: The data is updated periodically by the relevant authorities in Benin, but there may be occasional delays or limitations in coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Benin (BENFCIOFMFNNUM), retrieved from FRED.