Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Djibouti
DJIFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
100.00%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Djibouti' trend measures the total number of financial institutions, other financial corporations, and insurance corporations operating in Djibouti. This data is crucial for understanding the breadth and depth of Djibouti's financial sector development.
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
This series tracks the number of regulated financial entities in Djibouti, including banks, investment firms, insurance companies, and other non-bank financial institutions. It provides insights into the scale and composition of Djibouti's financial ecosystem, which is an important indicator of economic diversification and inclusion.
Methodology
The data is collected and reported by the Central Bank of Djibouti.
Historical Context
Policymakers and market analysts use this metric to gauge the growth and accessibility of Djibouti's financial services.
Key Facts
- Djibouti had 35 financial institutions as of 2021.
- The number of insurance corporations in Djibouti doubled from 2015 to 2021.
- Other financial corporations make up the largest share of Djibouti's financial sector entities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, including banks, insurance companies, and other non-bank financial entities, operating in Djibouti.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth and depth of Djibouti's financial sector development, which is an important indicator of economic diversification and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Djibouti.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge the growth and accessibility of Djibouti's financial services, which informs decisions on financial sector development strategies.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Djibouti (DJIFCIOFINUM), retrieved from FRED.