Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Liberia
LBRFCAODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.06
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic trend measures the number of deposit/customer accounts per 1,000 adults with all microfinance institutions (MFIs) in Liberia. It provides insight into financial inclusion and access to formal banking services.
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 deposit/customer accounts with MFIs per 1,000 adults metric offers a view into the utilization of basic financial services in Liberia. It is an important indicator for understanding financial development and the degree to which the population is integrated into the formal banking system.
Methodology
The data is collected and reported by the World Bank through household surveys and financial institution reporting.
Historical Context
This indicator is used by policymakers and development organizations to assess progress in expanding access to financial services in Liberia.
Key Facts
- Liberia had 218 deposit/customer accounts per 1,000 adults in 2021.
- Financial inclusion is a key development goal for Liberia.
- Microfinance institutions play a vital role in expanding access to basic banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit/customer accounts per 1,000 adults held with all microfinance institutions (MFIs) operating in Liberia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into financial inclusion and access to formal banking services, which are important for economic development in Liberia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank through household surveys and financial institution reporting.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this indicator to assess progress in expanding access to financial services in Liberia.
Q: Are there update delays or limitations?
A: The data may have occasional delays in reporting and may not capture all informal financial services activity.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Liberia (LBRFCAODMFANUM), retrieved from FRED.