Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Djibouti
DJIFCLODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238,000,000.00
Year-over-Year Change
188.83%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures outstanding deposits at deposit-taking microfinance institutions (MFIs) in Djibouti. It provides insights into the use of formal financial services in the country's microfinance sector.
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 deposits at MFIs in Djibouti reflect the level of savings and liquidity held by individuals and businesses within the microfinance ecosystem. This data point is useful for analyzing financial inclusion and the growth of the microfinance industry in the country.
Methodology
The data is collected directly from deposit-taking MFIs operating in Djibouti.
Historical Context
This trend is relevant for policymakers and financial sector analysts assessing the development of Djibouti's microfinance industry.
Key Facts
- Djibouti has over 15 registered deposit-taking MFIs.
- Outstanding deposits at MFIs in Djibouti grew by 8% in 2021.
- The microfinance sector serves over 150,000 clients in Djibouti.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at deposit-taking microfinance institutions (MFIs) in Djibouti. It provides insights into the level of savings and liquidity in the country's microfinance sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for analyzing financial inclusion and the growth of the microfinance industry in Djibouti. It helps policymakers and financial sector analysts assess the development of the microfinance ecosystem.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Djibouti.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial sector analysts to assess the growth and development of the microfinance industry in Djibouti, which is an important component of financial inclusion efforts.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all deposit-taking MFIs operating in Djibouti.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Djibouti (DJIFCLODMFXDC), retrieved from FRED.