Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Djibouti
DJIFCDODMFPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,985.00
Year-over-Year Change
11849.20%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic indicator tracks the number of depositors at deposit-taking microfinance institutions (MFIs) in Djibouti. It provides insights into financial inclusion and access to formal banking 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 'Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Djibouti' series measures the total number of depositors with microfinance institutions that accept deposits in Djibouti. This metric is used to assess the level of financial inclusion and access to basic banking services in the country.
Methodology
The data is collected directly from deposit-taking microfinance institutions operating in Djibouti.
Historical Context
This indicator is relevant for policymakers and development organizations focused on expanding financial inclusion and access to formal financial services.
Key Facts
- Djibouti had over 280,000 microfinance depositors in 2021.
- Microfinance is a key tool for expanding financial access in Djibouti.
- The number of microfinance depositors has grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of depositors with deposit-taking microfinance institutions in Djibouti. It provides insights into financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the state of financial inclusion and access to basic banking services in Djibouti. It is relevant for policymakers, development organizations, and analysts focused on expanding financial access.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking microfinance institutions operating in Djibouti.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and development organizations to track progress on financial inclusion goals and inform policies aimed at expanding access to formal financial services.
Q: Are there update delays or limitations?
A: There may be delays in data reporting from microfinance institutions, and the indicator does not capture the full landscape of financial inclusion in Djibouti.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Djibouti (DJIFCDODMFPENUM), retrieved from FRED.