Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Comoros
COMFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
100.00%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of deposit-taking institutions in Comoros, including other depository corporations and microfinance institutions (MFIs). It provides insight into the geographic 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 Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Comoros is an important indicator of financial inclusion and development. It tracks the presence and growth of formal deposit-taking institutions that serve as access points for banking, credit, and savings.
Methodology
The data is collected and reported by the Central Bank of Comoros.
Historical Context
This trend is used by policymakers, regulators, and development economists to monitor financial sector deepening and gauge progress towards improving financial access in Comoros.
Key Facts
- Comoros had 84 deposit-taking institutions as of the latest data.
- The number of institutions has grown by 20% over the past 5 years.
- Microfinance institutions account for over half of the total deposit-taking network.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit-taking institutions in Comoros, including commercial banks, credit unions, and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the geographic accessibility of banking services in Comoros.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to monitor progress in expanding the formal financial sector and improving financial access across Comoros.
Q: Are there update delays or limitations?
A: The data is published with a delay of approximately 6 months.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Comoros (COMFCIODMFNUM), retrieved from FRED.