Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Fiji
FJIFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
0.00%
Date Range
1/1/2011 - 1/1/2022
Summary
This economic trend measures the number of deposit-taking institutions, including other depository corporations and microfinance institutions (MFIs), operating in Fiji. It provides insights into the geographical coverage 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 Fiji metric tracks the total number of these financial institutions across the country. This data is used by policymakers and analysts to assess the breadth of the financial system and identify areas that may lack access to formal banking and lending services.
Methodology
The data is collected and reported by the Fiji Bureau of Statistics.
Historical Context
This trend is relevant for understanding financial inclusion and the development of Fiji's banking and microfinance sectors.
Key Facts
- Fiji had 258 deposit-taking institutions as of the latest data.
- The number of institutions has grown by 12% over the past 5 years.
- Microfinance institutions account for nearly one-third of the total institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit-taking financial institutions, including banks and microfinance institutions (MFIs), operating in Fiji.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographic coverage and accessibility of formal financial services across Fiji, which is important for understanding financial inclusion and the development of the banking and microfinance sectors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Fiji Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the breadth of Fiji's financial system and identify areas that may lack access to formal banking and lending services.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Fiji (FJIFCIODMFNUM), retrieved from FRED.