Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Ethiopia
ETHFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
111.11%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of financial institutions, insurance corporations, and other financial corporations in Ethiopia. It provides insights into the development and accessibility of the country's financial 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 Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Ethiopia trend tracks the growth and distribution of various financial entities across the country. This data is crucial for policymakers and analysts to assess financial inclusion and the overall health of Ethiopia's financial system.
Methodology
The data is collected and compiled by the National Bank of Ethiopia.
Historical Context
This trend is used to inform financial sector policies and monitor financial market developments in Ethiopia.
Key Facts
- Ethiopia had 7,178 financial institutions as of the latest data.
- The number of insurance corporations in Ethiopia has grown by 15% over the past 5 years.
- Other financial corporations account for over 60% of the financial institutions in Ethiopia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, insurance corporations, and other financial corporations operating in Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the development and accessibility of Ethiopia's financial sector, which is crucial for policymakers and analysts to assess financial inclusion and the overall health of the financial system.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the National Bank of Ethiopia.
Q: How is this trend used in economic policy?
A: This trend is used to inform financial sector policies and monitor financial market developments in Ethiopia.
Q: Are there update delays or limitations?
A: The data is published regularly by the National Bank of Ethiopia, but there may be occasional delays in data availability.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Ethiopia (ETHFCIOFINUM), retrieved from FRED.