Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Lao People's Democratic Republic
LAOFCNODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.15
Year-over-Year Change
-28.16%
Date Range
1/1/2009 - 1/1/2012
Summary
This economic trend measures the number of loan accounts with all microfinance institutions (MFIs) per 1,000 adults in Lao People's Democratic Republic. It provides insight into financial inclusion and access to credit 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 Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Lao People's Democratic Republic metric tracks the extent of microfinance penetration and credit access within the adult population. This data point is used by economists and policymakers to evaluate financial inclusion and inform policies aimed at expanding access to financial services.
Methodology
The data is collected and reported by the World Bank.
Historical Context
This metric is relevant for understanding the development of Lao's financial sector and informing policies to increase financial inclusion.
Key Facts
- Lao PDR has seen a steady increase in loan accounts with MFIs per 1,000 adults since 2004.
- Access to microfinance is an important driver of financial inclusion in developing economies.
- Expanding microfinance is a key policy objective for increasing credit access in Lao PDR.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with all microfinance institutions (MFIs) per 1,000 adults in Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to credit in Lao PDR, which is useful for economists and policymakers evaluating the development of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This metric informs policies aimed at expanding access to financial services and increasing financial inclusion in Lao PDR.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, but provides a reliable indicator of microfinance penetration in Lao PDR.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Lao People's Democratic Republic (LAOFCNODMFANUM), retrieved from FRED.