Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Liberia
LBRFCIODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures the number of institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), that provide financial services in Liberia. It is a key indicator of financial sector development and access to banking 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 Liberia series tracks the total count of financial service providers operating in Liberia. This metric is used by policymakers and analysts to assess the breadth of the country's financial system and progress toward financial inclusion goals.
Methodology
The data is collected by the Central Bank of Liberia through surveys of financial institutions.
Historical Context
This trend provides important context for evaluating Liberia's financial sector policies and development initiatives.
Key Facts
- Liberia had 251 financial institutions as of the latest data.
- Deposit-taking MFIs account for the majority of financial service providers in Liberia.
- The total number of institutions has increased by 24% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, including other depository corporations and deposit-taking microfinance institutions (MFIs), operating in Liberia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the breadth and development of Liberia's financial sector, which is crucial for evaluating financial inclusion and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Liberia through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the progress of financial sector development initiatives and access to banking services in Liberia.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting by financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Liberia (LBRFCIODMFNUM), retrieved from FRED.