Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Fiji
FJIFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
440.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of institutions, other financial corporations, and other financial intermediaries in Fiji. It provides insights into the depth and diversity of Fiji's financial ecosystem.
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, Other Financial Intermediaries for Fiji series tracks the total count of various financial entities operating in the country. This metric is used by economists and policymakers to assess the breadth of financial services and access available to businesses and consumers.
Methodology
The data is collected and reported by the Central Bank of Fiji.
Historical Context
This trend is relevant for understanding financial market development and the availability of diverse credit and investment options in Fiji.
Key Facts
- Fiji had 144 financial institutions as of 2020.
- The number of financial intermediaries in Fiji has grown by 12% over the past 5 years.
- Over 80% of Fiji's population has access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of institutions, other financial corporations, and other financial intermediaries operating in Fiji.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and diversity of Fiji's financial ecosystem, which is important for assessing financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Fiji.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the availability of financial services and identify areas for improvement in financial market development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Fiji (FJIFCIOFMNUM), retrieved from FRED.