Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Liberia
LBRFCAOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,504.00
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic trend measures the use of deposit accounts at non-deposit taking microfinance institutions (MFIs) in Liberia. It provides insights into financial inclusion and access to formal banking 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 'Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Liberia' series tracks the number of deposit accounts held at MFIs that do not accept deposits in Liberia. This metric serves as an indicator of financial inclusion and the reach of formal financial services in the country.
Methodology
The data is collected through surveys of microfinance institutions in Liberia.
Historical Context
This trend is used by policymakers and development organizations to assess progress in expanding access to basic financial services.
Key Facts
- Liberia has a large unbanked population.
- MFIs play a crucial role in expanding financial access.
- Deposit accounts at non-deposit taking MFIs are a key metric of inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at microfinance institutions (MFIs) in Liberia that do not accept deposits directly from the public.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to formal banking services in Liberia, which is crucial for economic development and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of microfinance institutions operating in Liberia.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this trend to assess progress in expanding access to basic financial services in Liberia.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and limited coverage of the microfinance sector in Liberia.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Liberia (LBRFCAOFMFNNUM), retrieved from FRED.