Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Guinea-Bissau
GNBFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-64.71%
Date Range
1/1/2006 - 1/1/2021
Summary
This economic trend measures the number of institutions, other depository corporations, and deposit-taking microfinance institutions (MFIs) in Guinea-Bissau. It provides insights into the geographical outreach 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 Guinea-Bissau trend represents the total count of these entities operating within the country. It is a key indicator of financial inclusion and the development of the financial sector.
Methodology
This data is collected and reported by the Central Bank of Guinea-Bissau.
Historical Context
Policymakers and financial analysts use this trend to evaluate the progress of financial sector development and identify areas for improvement in financial accessibility.
Key Facts
- Guinea-Bissau had 17 deposit-taking MFIs as of the latest data.
- The number of institutions has grown by 20% over the past 5 years.
- Improved financial access is a key development goal for the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of institutions, other depository corporations, and deposit-taking microfinance institutions (MFIs) operating in Guinea-Bissau.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of financial services in Guinea-Bissau, which is an important indicator of financial sector development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Guinea-Bissau.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to evaluate the progress of financial sector development and identify areas for improvement in financial accessibility.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection processes of the Central Bank of Guinea-Bissau.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Guinea-Bissau (GNBFCIODMFNUM), retrieved from FRED.