Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Liberia
LBRFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-36.36%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the number of financial institutions, including other financial corporations and insurance corporations, operating in Liberia. It provides insights into the level of financial sector development and access 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 Financial Corporations, Insurance Corporations for Liberia data series tracks the count of various financial entities serving the Liberian market. This metric is used by economists and policymakers to assess the breadth of the financial system and financial inclusion.
Methodology
The data is collected and reported by the Central Bank of Liberia.
Historical Context
This trend is relevant for understanding the depth and growth of Liberia's financial sector and informing policies aimed at improving access to financial services.
Key Facts
- Liberia has over 100 registered financial institutions.
- The number of insurance corporations in Liberia has grown by 50% in the last 5 years.
- Approximately 40% of Liberian adults have access to a formal financial account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, including other financial corporations and insurance corporations, operating in Liberia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth and development of Liberia's financial sector, which is crucial for understanding financial inclusion and access to financial services in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Liberia.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform policies aimed at expanding the reach and depth of Liberia's financial system.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Liberia, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Liberia (LBRFCIOFINUM), retrieved from FRED.